J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Greenwood Gearhart LLC

Greenwood Gearhart LLC trimmed its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.8% in the first quarter, Holdings Channel reports. The institutional investor owned 198,296 shares of the transportation company’s stock after selling 3,543 shares during the period. J.B. Hunt Transport Services makes up 2.3% of Greenwood Gearhart LLC’s holdings, making the stock its 17th biggest holding. Greenwood Gearhart LLC’s holdings in J.B. Hunt Transport Services were worth $42,019,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in JBHT. State Street Corp increased its holdings 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 acquiring an additional 272,594 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of J.B. Hunt Transport Services by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 3,940,833 shares of the transportation company’s stock worth $765,862,000 after acquiring an additional 84,149 shares in the last quarter. AQR Capital Management LLC lifted its stake in J.B. Hunt Transport Services by 17.7% during the fourth quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock worth $729,780,000 after purchasing an additional 565,605 shares during the last quarter. Invesco Ltd. lifted its stake in 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 last quarter. Finally, Norges Bank acquired a new position in J.B. Hunt Transport Services in the fourth quarter valued at approximately $200,587,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America increased their price target on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Citigroup boosted their price objective on shares of J.B. Hunt Transport Services from $278.00 to $309.00 and gave the stock a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an “overweight” rating in a report on Thursday. Stifel Nicolaus increased their target price on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Finally, Barclays lifted their price target on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $291.41 on Monday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $299.76. The company has a market capitalization of $27.48 billion, a price-to-earnings ratio of 41.28, a price-to-earnings-growth ratio of 1.87 and a beta of 1.29. The firm has a 50-day simple moving average of $274.31 and a 200-day simple moving average of $238.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The business’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the company posted $1.31 earnings per share. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.6 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.50%.

Insider Buying and Selling

In other news, COO Nicholas Hobbs sold 1,272 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total value of $318,954.00. Following the transaction, the chief operating officer owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Spencer Frazier sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total value of $516,400.00. Following the sale, the executive vice president owned 4,604 shares of the company’s stock, valued at $1,188,752.80. This trade represents a 30.28% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 18,119 shares of company stock worth $4,736,095. 2.50% of the stock is currently owned by insiders.

More J.B. Hunt Transport Services News

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: JBHT was added to Zacks’ “Strong Buy” momentum list, signaling improving technical and fundamental momentum. Best Momentum Stocks to Buy for July 17th
• Positive Sentiment: Analysts raised price targets after the earnings beat, including JPMorgan, Robert W. Baird, Barclays, Citigroup, and TD Cowen, reflecting confidence in the recovery and margin improvement.
• Positive Sentiment: Reports highlighted shrinking trucking capacity and a shift toward intermodal freight, which could support stronger pricing and volume trends for JBHT. J.B. Hunt Stock Could Reach $340 as Trucking Capacity Shrinks
• Positive Sentiment: JBHT was also featured on relative-strength and momentum screens, indicating that investors see it as one of the stronger names in a choppy market. 5 Top Stocks With Relative Price Strength to Buy Right Now
• Neutral Sentiment: One Zacks article cautioned that while earnings growth and estimate revisions support the rally, the stock’s premium valuation means investors should remain selective. Is JBHT Stock too Expensive or Still Attractive After Its Rally?
• Neutral Sentiment: Analysts’ consensus remains constructive, with coverage still centered around a “Moderate Buy” view.

About J.B. Hunt Transport Services

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.