Woodline Partners LP Trims Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Woodline Partners LP trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 62.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 53,337 shares of the transportation company's stock after selling 88,426 shares during the quarter. Woodline Partners LP owned about 0.05% of J.B. Hunt Transport Services worth $9,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC increased its position in shares of J.B. Hunt Transport Services by 37.5% during the third quarter. Barclays PLC now owns 236,177 shares of the transportation company's stock valued at $40,698,000 after acquiring an additional 64,380 shares in the last quarter. Merit Financial Group LLC purchased a new stake in J.B. Hunt Transport Services during the 4th quarter valued at $253,000. Ameritas Advisory Services LLC bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth $368,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of J.B. Hunt Transport Services by 155.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 537 shares of the transportation company's stock worth $92,000 after purchasing an additional 327 shares during the last quarter. Finally, Perpetual Ltd raised its stake in shares of J.B. Hunt Transport Services by 64.3% in the fourth quarter. Perpetual Ltd now owns 4,268 shares of the transportation company's stock worth $728,000 after purchasing an additional 1,670 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Nicholas Hobbs acquired 1,529 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the transaction, the chief operating officer now directly owns 91,847 shares in the company, valued at approximately $12,008,995.25. This represents a 1.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. This represents a 6.31% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

JBHT has been the subject of several research analyst reports. Raymond James reduced their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Wells Fargo & Company reduced their price target on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Bank of America increased their price objective on shares of J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a "buy" rating in a research report on Friday, May 16th. TD Cowen cut their target price on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Finally, Stephens lowered their price target on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT traded up $2.75 during trading hours on Tuesday, hitting $140.17. 496,669 shares of the stock traded hands, compared to its average volume of 1,188,464. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The stock has a 50 day moving average price of $138.48 and a 200 day moving average price of $160.81. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The company had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.94%.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.