Point72 Asia Singapore Pte. Ltd. Raises Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Point72 Asia Singapore Pte. Ltd. increased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 454.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,257 shares of the transportation company’s stock after buying an additional 14,145 shares during the quarter. J.B. Hunt Transport Services comprises 0.8% of Point72 Asia Singapore Pte. Ltd.’s portfolio, making the stock its 23rd largest position. Point72 Asia Singapore Pte. Ltd.’s holdings in J.B. Hunt Transport Services were worth $2,945,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Point72 Asset Management L.P. grew its position in J.B. Hunt Transport Services by 194.0% in the fourth quarter. Point72 Asset Management L.P. now owns 258,467 shares of the transportation company’s stock valued at $44,110,000 after acquiring an additional 170,561 shares in the last quarter. Point72 Italy S.r.l. purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at $8,260,000. ProShare Advisors LLC grew its holdings in J.B. Hunt Transport Services by 14.9% during the 4th quarter. ProShare Advisors LLC now owns 11,724 shares of the transportation company’s stock valued at $2,001,000 after purchasing an additional 1,519 shares in the last quarter. Quantinno Capital Management LP increased its stake in J.B. Hunt Transport Services by 30.1% during the 4th quarter. Quantinno Capital Management LP now owns 44,980 shares of the transportation company’s stock worth $7,676,000 after buying an additional 10,416 shares during the period. Finally, Mufg Securities Americas Inc. purchased a new stake in J.B. Hunt Transport Services during the 4th quarter worth $201,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at J.B. Hunt Transport Services

In related 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 value of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at $2,881,282.74. This represents a 6.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Nicholas Hobbs bought 1,529 shares of the business’s stock in a transaction on Wednesday, April 23rd. The shares were acquired at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the purchase, the chief operating officer now directly owns 91,847 shares in the company, valued at $12,008,995.25. This 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 currently owned by company insiders.

Analysts Set New Price Targets

JBHT has been the subject of several recent analyst reports. Truist Financial lowered their target price on J.B. Hunt Transport Services from $165.00 to $130.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Stephens dropped their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Citigroup cut their target price on J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Susquehanna set a $140.00 price target on shares of J.B. Hunt Transport Services and gave the stock a “neutral” rating in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group cut 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 report on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.20.

J.B. Hunt Transport Services Trading Up 0.4%

NASDAQ:JBHT opened at $147.89 on Thursday. The firm has a market capitalization of $14.67 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.61 and a beta of 1.33. The business has a 50 day simple moving average of $139.89 and a 200 day simple moving average of $163.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

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.