Greenwood Gearhart Inc. Boosts Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Greenwood Gearhart Inc. lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,569 shares of the transportation company’s stock after buying an additional 5,150 shares during the period. J.B. Hunt Transport Services makes up approximately 1.5% of Greenwood Gearhart Inc.’s holdings, making the stock its 25th largest holding. Greenwood Gearhart Inc. owned about 0.20% of J.B. Hunt Transport Services worth $25,971,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC grew its position in J.B. Hunt Transport Services by 411.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after acquiring an additional 1,447,993 shares during the last quarter. Norges Bank bought a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $91,094,000. JPMorgan Chase & Co. grew its holdings in shares of J.B. Hunt Transport Services by 18.4% in 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 last quarter. Park Presidio Capital LLC grew its holdings in shares of J.B. Hunt Transport Services by 149.5% in the second quarter. Park Presidio Capital LLC now owns 670,873 shares of the transportation company’s stock worth $96,337,000 after purchasing an additional 401,937 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of J.B. Hunt Transport Services by 178.9% in the second quarter. First Trust Advisors LP now owns 428,704 shares of the transportation company’s stock worth $61,562,000 after purchasing an additional 275,017 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on JBHT shares. Argus upgraded shares of J.B. Hunt Transport Services to a “strong-buy” rating in a research report on Thursday, January 22nd. Stifel Nicolaus set a $201.00 target price on J.B. Hunt Transport Services in a research note on Friday, January 16th. Morgan Stanley upped their price target on J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. Truist Financial increased their price objective on J.B. Hunt Transport Services from $155.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. Finally, The Goldman Sachs Group boosted their target price on J.B. Hunt Transport Services from $169.00 to $187.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average target price of $203.00.

J.B. Hunt Transport Services Trading Down 1.6%

Shares of NASDAQ JBHT opened at $219.25 on Thursday. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $234.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.87. The firm has a 50-day moving average of $210.02 and a 200 day moving average of $175.38. The stock has a market cap of $20.88 billion, a P/E ratio of 35.71, a price-to-earnings-growth ratio of 1.81 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.09. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the firm earned $1.53 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, February 6th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 29.32%.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, CAO John Kuhlow sold 3,225 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $179.76, for a total value of $579,726.00. Following the transaction, the chief accounting officer owned 13,095 shares in the company, valued at $2,353,957.20. The trade was a 19.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Nicholas Hobbs sold 3,038 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $201.97, for a total transaction of $613,584.86. Following the sale, the chief operating officer directly owned 90,318 shares in the company, valued at $18,241,526.46. This trade represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 32,316 shares of company stock valued at $6,727,749 in the last ninety days. Corporate insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services 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.