Quantbot Technologies LP Trims Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Quantbot Technologies LP decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 67.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,316 shares of the transportation company’s stock after selling 13,194 shares during the quarter. Quantbot Technologies LP’s holdings in J.B. Hunt Transport Services were worth $1,078,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. True Wealth Design LLC boosted its position in shares of J.B. Hunt Transport Services by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after acquiring an additional 142 shares during the last quarter. National Pension Service acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at $30,000. BankPlus Trust Department purchased a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at $34,000. Versant Capital Management Inc increased its holdings in shares of J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after buying an additional 142 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 1.4 %

JBHT stock opened at $149.95 on Wednesday. The company has a market capitalization of $15.00 billion, a P/E ratio of 26.97, a PEG ratio of 1.61 and a beta of 1.16. The firm has a 50 day simple moving average of $164.22 and a 200-day simple moving average of $172.56. 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 twelve month low of $144.34 and a twelve month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS 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 during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the business posted $1.47 EPS. J.B. Hunt Transport Services’s revenue was down 4.5% compared to the same quarter last year. On average, equities 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 announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.44 per share. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.17%. J.B. Hunt Transport Services’s payout ratio is presently 31.65%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JBHT. UBS Group dropped their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Benchmark restated a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Truist Financial began coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, March 13th. They set a “hold” rating and a $165.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a “hold” rating and a $167.00 price objective for the company. Finally, TD Cowen reduced their target price on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $186.80.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value 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. This represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

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.