Shellback Capital LP Sells 65,000 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Shellback Capital LP lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 81.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,000 shares of the transportation company’s stock after selling 65,000 shares during the period. Shellback Capital LP’s holdings in J.B. Hunt Transport Services were worth $2,560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JBHT. Wellington Management Group LLP lifted its holdings in shares of J.B. Hunt Transport Services by 428.4% in the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock worth $215,610,000 after acquiring an additional 1,024,295 shares during the last quarter. Norges Bank acquired a new position in J.B. Hunt Transport Services during the 4th quarter worth approximately $146,618,000. Demars Financial Group LLC lifted its stake in J.B. Hunt Transport Services by 16,964.6% in the 4th quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company’s stock valued at $104,113,000 after purchasing an additional 606,484 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in 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 buying an additional 503,324 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of J.B. Hunt Transport Services by 194.0% during the fourth quarter. Point72 Asset Management L.P. now owns 258,467 shares of the transportation company’s stock worth $44,110,000 after buying an additional 170,561 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $147.86 on Friday. The firm has a 50 day moving average of $139.64 and a 200-day moving average of $163.22. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. 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 52 week low of $122.79 and a 52 week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.02. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. On average, equities 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. Shareholders of record on Friday, May 9th will be paid a $0.44 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.19%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.94%.

Insider Activity

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

Analyst Ratings Changes

A number of research analysts have recently commented on JBHT shares. Stifel Nicolaus set a $150.00 price target on J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Raymond James lowered their target price 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. Truist Financial cut their price target on J.B. Hunt Transport Services from $165.00 to $130.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Citigroup reduced their price target on J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group dropped their price objective on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average price target of $162.20.

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.