Two Sigma Advisers LP Has $8.23 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Two Sigma Advisers LP raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 201.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,200 shares of the transportation company’s stock after purchasing an additional 32,200 shares during the period. Two Sigma Advisers LP’s holdings in J.B. Hunt Transport Services were worth $8,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its position in shares of J.B. Hunt Transport Services by 53.2% in the fourth quarter. Tidal Investments LLC now owns 6,429 shares of the transportation company’s stock valued at $1,097,000 after acquiring an additional 2,233 shares during the period. State of Wyoming boosted its position in shares of J.B. Hunt Transport Services by 392.9% in the fourth quarter. State of Wyoming now owns 2,721 shares of the transportation company’s stock valued at $464,000 after acquiring an additional 2,169 shares during the period. Toronto Dominion Bank boosted its position in shares of J.B. Hunt Transport Services by 6.8% in the fourth quarter. Toronto Dominion Bank now owns 42,868 shares of the transportation company’s stock valued at $7,316,000 after acquiring an additional 2,729 shares during the period. Siemens Fonds Invest GmbH boosted its position in shares of J.B. Hunt Transport Services by 292.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 22,798 shares of the transportation company’s stock valued at $3,891,000 after acquiring an additional 16,992 shares during the period. Finally, Rafferty Asset Management LLC boosted its position in shares of J.B. Hunt Transport Services by 7.7% in the fourth quarter. Rafferty Asset Management LLC now owns 9,395 shares of the transportation company’s stock valued at $1,603,000 after acquiring an additional 671 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Nicholas Hobbs bought 1,529 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the purchase, the chief operating officer now owns 91,847 shares of the company’s stock, valued at $12,008,995.25. This represents a 1.69% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on JBHT. Susquehanna set a $140.00 price objective on J.B. Hunt Transport Services and gave the company a “neutral” rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price objective on J.B. Hunt Transport Services from $167.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group reduced their price objective on J.B. Hunt Transport Services from $188.00 to $166.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Raymond James reduced their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Finally, TD Cowen reduced their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $137.42 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The stock has a fifty day moving average price of $138.67 and a two-hundred day moving average price of $161.60. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $200.40. The firm has a market capitalization of $13.63 billion, a P/E ratio of 24.72, a P/E/G ratio of 1.61 and a beta of 1.33.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. As a group, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.28%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.94%.

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.