Trexquant Investment LP Sells 16,654 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Trexquant Investment LP cut its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 42.4% in the fourth quarter, HoldingsChannel reports. The fund owned 22,643 shares of the transportation company’s stock after selling 16,654 shares during the period. Trexquant Investment LP’s holdings in J.B. Hunt Transport Services were worth $3,864,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. National Pension Service bought a new position in J.B. Hunt Transport Services in the 4th quarter worth approximately $30,000. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $34,000. Versant Capital Management Inc raised its position in shares of J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 134 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after purchasing an additional 86 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of J.B. Hunt Transport Services from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Raymond James reduced their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. TD Cowen dropped their target price on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research report on Friday, January 17th. Stephens restated an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Finally, Truist Financial started coverage on J.B. Hunt Transport Services in a report on Thursday, March 13th. They issued a “hold” rating and a $165.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.55.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the transaction, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, 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 insiders.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $134.66 on Monday. The company has a fifty day moving average price of $159.46 and a 200 day moving average price of $171.26. The firm has a market cap of $13.47 billion, a PE ratio of 24.22, a PEG ratio of 1.61 and a beta of 1.27. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 1-year low of $127.35 and a 1-year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company earned $1.47 earnings per share. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.31%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.65%.

About J.B. Hunt Transport Services

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.