Bank of New York Mellon Corp Has $136.53 Million Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Bank of New York Mellon Corp grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 644,321 shares of the transportation company’s stock after acquiring an additional 28,245 shares during the period. Bank of New York Mellon Corp’s holdings in J.B. Hunt Transport Services were worth $136,532,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Keybank National Association OH grew its stake in shares of J.B. Hunt Transport Services by 2.7% in the first quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock worth $374,000 after purchasing an additional 46 shares during the last quarter. Root Financial Partners LLC lifted its holdings in J.B. Hunt Transport Services by 25.4% during the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock worth $45,000 after buying an additional 47 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in J.B. Hunt Transport Services by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock worth $1,827,000 after buying an additional 47 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after buying an additional 48 shares during the last quarter. Finally, Hartford Funds Management Co LLC grew its position in shares of J.B. Hunt Transport Services by 1.2% in the 4th quarter. Hartford Funds Management Co LLC now owns 4,189 shares of the transportation company’s stock valued at $814,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $291.41 on Monday. The stock’s 50-day moving average is $274.31 and its 200 day moving average is $238.54. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76. The firm has a market cap of $27.48 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 1.87 and a beta of 1.29. The company has a debt-to-equity ratio of 0.31, 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, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the company posted $1.31 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.6 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders 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 dividend yield of 0.6%. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.

Key Headlines Impacting J.B. Hunt Transport Services

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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Stephens raised their price objective on J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley reissued an “underweight” rating and set a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 6th. Citizens Jmp initiated coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Zacks Research upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an “overweight” rating in a research note on Thursday. Two 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $286.30.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 4,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the transaction, the executive vice president owned 8,696 shares in the company, valued at $2,213,045.04. The trade was a 31.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradley W. Hicks sold 7,644 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the transaction, the insider directly 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 18,119 shares of company stock worth $4,736,095 over the last ninety days. 2.50% of the stock is owned by corporate insiders.

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.