Hudson Bay Capital Management LP Sells 5,417 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Hudson Bay Capital Management LP trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,193 shares of the transportation company's stock after selling 5,417 shares during the period. Hudson Bay Capital Management LP's holdings in J.B. Hunt Transport Services were worth $6,689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of J.B. Hunt Transport Services by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company's stock valued at $878,000 after acquiring an additional 61 shares in the last quarter. Signaturefd LLC lifted its position in J.B. Hunt Transport Services by 8.0% during the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock worth $140,000 after acquiring an additional 61 shares during the last quarter. Blue Trust Inc. lifted its position in J.B. Hunt Transport Services by 18.6% during the 4th quarter. Blue Trust Inc. now owns 535 shares of the transportation company's stock worth $92,000 after acquiring an additional 84 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after acquiring an additional 86 shares during the last quarter. Finally, Wahed Invest LLC raised its position in shares of J.B. Hunt Transport Services by 4.6% during the fourth quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock valued at $355,000 after buying an additional 91 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Up 0.1%

Shares of NASDAQ:JBHT traded up $0.19 during midday trading on Friday, reaching $148.05. 849,209 shares of the company were exchanged, compared to its average volume of 984,196. 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, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The stock has a fifty day simple moving average of $139.52 and a two-hundred day simple moving average of $162.87. The firm has a market cap of $14.69 billion, a PE ratio of 26.63, a P/E/G ratio of 1.61 and a beta of 1.33.

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

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.19%. J.B. Hunt Transport Services's dividend payout ratio is presently 31.94%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Truist Financial cut their price objective on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus set a $150.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Stephens decreased their price target on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group decreased their price target on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Susquehanna set a $140.00 price objective on shares of J.B. Hunt Transport Services and gave the company a "neutral" rating in a research note on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

Insider Transactions at J.B. Hunt Transport Services

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

J.B. Hunt Transport Services Company 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.