CenterBook Partners LP Has $982,000 Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

CenterBook Partners LP reduced its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 35.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,757 shares of the transportation company’s stock after selling 3,108 shares during the period. CenterBook Partners LP’s holdings in J.B. Hunt Transport Services were worth $982,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBHT. Invesco Ltd. lifted its position in shares of J.B. Hunt Transport Services by 5.1% in the fourth quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company’s stock valued at $362,554,000 after buying an additional 104,019 shares during the last quarter. Geode Capital Management LLC lifted its holdings in J.B. Hunt Transport Services by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company’s stock valued at $340,049,000 after purchasing an additional 8,968 shares during the last quarter. Wellington Management Group LLP boosted its position in J.B. Hunt Transport Services by 428.4% during the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock worth $215,610,000 after purchasing an additional 1,024,295 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of J.B. Hunt Transport Services by 111.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company’s stock valued at $163,237,000 after purchasing an additional 503,324 shares during the last quarter. Finally, Norges Bank bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $146,618,000. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $132.88 on Friday. The stock has a fifty day moving average of $154.30 and a 200-day moving average of $169.45. The stock has a market capitalization of $13.29 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services, Inc. has a 52 week low of $127.05 and a 52 week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company posted $1.47 EPS. On average, sell-side analysts expect 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 business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a yield of 1.32%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.65%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction dated 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 trade represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on JBHT shares. Citigroup reduced their target price on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating for the company in a report on Tuesday. TD Cowen decreased their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Bank of America lowered their target price on J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Evercore ISI reduced their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on J.B. Hunt Transport Services in a research report on Friday, March 7th. They set a “hold” rating and a $167.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.70.

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.