Bank of New York Mellon Corp Has $119.73 Million Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Bank of New York Mellon Corp boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 38.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 616,076 shares of the transportation company’s stock after buying an additional 171,535 shares during the period. Bank of New York Mellon Corp’s holdings in J.B. Hunt Transport Services were worth $119,728,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of J.B. Hunt Transport Services by 7.1% in the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after purchasing an additional 272,594 shares during the period. AQR Capital Management LLC increased its holdings in shares of J.B. Hunt Transport Services by 77.2% during the third quarter. AQR Capital Management LLC now owns 3,189,566 shares of the transportation company’s stock valued at $426,126,000 after acquiring an additional 1,389,723 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of J.B. Hunt Transport Services by 18.4% during the third quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company’s stock worth $358,510,000 after purchasing an additional 416,167 shares during the period. Invesco Ltd. raised its position in shares of J.B. Hunt Transport Services by 5.4% during the third quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company’s stock worth $216,317,000 after purchasing an additional 82,939 shares during the period. Finally, Norges Bank bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth $200,587,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $284.95 on Monday. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $289.95. The business has a fifty day simple moving average of $245.14 and a two-hundred day simple moving average of $218.46. The company has a market capitalization of $26.87 billion, a P/E ratio of 44.11, a P/E/G ratio of 2.12 and a beta of 1.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.17 earnings per share. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 annualized dividend and a yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.86%.

Analyst Ratings Changes

Several research firms recently issued reports on JBHT. UBS Group lifted their price target on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Stifel Nicolaus raised their target price on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, April 2nd. Wells Fargo & Company raised their price objective on J.B. Hunt Transport Services from $250.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday. Wall Street Zen upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Barclays upped their price objective on shares of J.B. Hunt Transport Services from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $233.83.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs sold 1,272 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total transaction of $318,954.00. Following the completion of the transaction, the chief operating officer owned 91,736 shares of the company’s stock, valued at $23,002,802. The trade was a 1.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradley W. Hicks sold 7,644 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $261.91, for a total value of $2,002,040.04. Following the sale, the insider owned 23,982 shares in the company, valued at approximately $6,281,125.62. This represents a 24.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,916 shares of company stock worth $4,109,634 over the last quarter. Insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.