Renaissance Technologies LLC Lowers Stake in J B Hunt Transport Services Inc (JBHT)

Renaissance Technologies LLC decreased its position in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 75.9% during the fourth quarter, Holdings Channel reports. The fund owned 119,544 shares of the company’s stock after selling 375,800 shares during the period. Renaissance Technologies LLC’s holdings in J B Hunt Transport Services were worth $11,604,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brown Advisory Inc. boosted its stake in shares of J B Hunt Transport Services by 11.1% in the fourth quarter. Brown Advisory Inc. now owns 270,781 shares of the company’s stock worth $26,285,000 after buying an additional 27,162 shares during the last quarter. Sii Investments Inc. WI boosted its stake in shares of J B Hunt Transport Services by 0.6% in the fourth quarter. Sii Investments Inc. WI now owns 10,813 shares of the company’s stock worth $1,049,000 after buying an additional 64 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of J B Hunt Transport Services by 1,487.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 154,645 shares of the company’s stock worth $15,014,000 after buying an additional 144,902 shares during the last quarter. Aviva PLC boosted its stake in shares of J B Hunt Transport Services by 6.4% in the fourth quarter. Aviva PLC now owns 58,750 shares of the company’s stock worth $5,703,000 after buying an additional 3,548 shares during the last quarter. Finally, Elkfork Partners LLC acquired a new stake in shares of J B Hunt Transport Services during the fourth quarter worth approximately $2,904,000. Institutional investors own 71.47% of the company’s stock.

Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) opened at 93.95 on Monday. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 24.66 and a beta of 0.81. The company’s 50-day moving average is $98.23 and its 200-day moving average is $90.86. J B Hunt Transport Services Inc has a 12-month low of $75.71 and a 12-month high of $102.38.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 19th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. J B Hunt Transport Services had a net margin of 6.60% and a return on equity of 30.96%. The firm earned $1.72 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the company earned $1.01 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts predict that J B Hunt Transport Services Inc will post $4.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.98%. This is a boost from J B Hunt Transport Services’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, February 8th. J B Hunt Transport Services’s payout ratio is presently 24.08%.

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A number of analysts recently commented on the stock. Credit Suisse Group AG restated an “outperform” rating and set a $107.00 price target (up from $102.00) on shares of J B Hunt Transport Services in a research note on Monday, March 6th. Zacks Investment Research cut shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Tuesday, February 14th. Barclays PLC cut shares of J B Hunt Transport Services from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $90.00 to $97.00 in a research note on Monday, January 9th. Cowen and Company upped their price target on shares of J B Hunt Transport Services from $88.00 to $108.00 and gave the company an “outperform” rating in a research note on Friday, December 9th. Finally, KeyCorp upped their price target on shares of J B Hunt Transport Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $94.93.

In other news, SVP John Kuhlow sold 500 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $96.68, for a total transaction of $48,340.00. Following the completion of the transaction, the senior vice president now directly owns 3,999 shares of the company’s stock, valued at $386,623.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is owned by insiders.

J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a holding company. The Company is a surface transportation, delivery, and logistics company in North America. The Company, through its subsidiaries, provides transportation and delivery services to various customers and consumers throughout the continental United States, Canada and Mexico.

5 Day Chart for NASDAQ:JBHT

Want to see what other hedge funds are holding JBHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J B Hunt Transport Services Inc (NASDAQ:JBHT).

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