J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Bought by Greenwood Gearhart Inc.

Greenwood Gearhart Inc. boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,200 shares of the transportation company’s stock after buying an additional 1,490 shares during the period. J.B. Hunt Transport Services accounts for approximately 1.9% of Greenwood Gearhart Inc.’s portfolio, making the stock its 21st biggest holding. Greenwood Gearhart Inc. owned about 0.16% of J.B. Hunt Transport Services worth $28,193,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of JBHT. Wellington Management Group LLP raised its position in J.B. Hunt Transport Services by 428.4% in the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock valued at $215,610,000 after purchasing an additional 1,024,295 shares during the last quarter. Norges Bank purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $146,618,000. Thrivent Financial for Lutherans grew its holdings in J.B. Hunt Transport Services by 111.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company’s stock worth $163,237,000 after acquiring an additional 503,324 shares during the period. Assenagon Asset Management S.A. increased its holdings in J.B. Hunt Transport Services by 155.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock valued at $37,689,000 after buying an additional 134,476 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of J.B. Hunt Transport Services by 5.1% in the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company’s stock worth $362,554,000 after buying an additional 104,019 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Trading Down 2.0 %

Shares of NASDAQ:JBHT opened at $135.11 on Wednesday. J.B. Hunt Transport Services, Inc. has a 12-month low of $126.40 and a 12-month high of $200.40. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $13.51 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The firm has a fifty day moving average of $152.97 and a two-hundred day moving average of $168.96.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. On average, equities 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.44 per share. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.65%.

Analyst Ratings Changes

Several brokerages have weighed in on JBHT. JPMorgan Chase & Co. cut their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Stephens reissued an “overweight” rating and issued a $205.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Raymond James cut their target price on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Barclays reduced their target price on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Finally, Truist Financial initiated coverage on J.B. Hunt Transport Services in a report on Thursday, March 13th. They set a “hold” rating and a $165.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $177.55.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

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.