Greenwood Gearhart Inc. Has $39.23 Million Position in J.B. Hunt Transport Services, Inc. $JBHT

Greenwood Gearhart Inc. increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 201,839 shares of the transportation company’s stock after purchasing an additional 8,270 shares during the quarter. J.B. Hunt Transport Services makes up approximately 2.2% of Greenwood Gearhart Inc.’s portfolio, making the stock its 18th largest position. Greenwood Gearhart Inc.’s holdings in J.B. Hunt Transport Services were worth $39,225,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. AE Wealth Management LLC lifted its stake in J.B. Hunt Transport Services by 3.2% in the third quarter. AE Wealth Management LLC now owns 125,829 shares of the transportation company’s stock valued at $16,883,000 after acquiring an additional 3,890 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in J.B. Hunt Transport Services in the third quarter valued at approximately $3,627,000. AdvisorShares Investments LLC acquired a new stake in J.B. Hunt Transport Services in the third quarter valued at approximately $433,000. Krilogy Financial LLC acquired a new stake in J.B. Hunt Transport Services in the third quarter valued at approximately $1,003,000. Finally, Savant Capital LLC lifted its stake in J.B. Hunt Transport Services by 145.6% in the third quarter. Savant Capital LLC now owns 21,689 shares of the transportation company’s stock valued at $2,910,000 after acquiring an additional 12,857 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 1,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $254.28, for a total value of $254,280.00. Following the completion of the sale, the director directly owned 19,559 shares in the company, valued at approximately $4,973,462.52. The trade was a 4.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jennifer Boattini sold 2,238 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $232.00, for a total transaction of $519,216.00. Following the completion of the sale, the senior vice president owned 16,650 shares of the company’s stock, valued at $3,862,800. The trade was a 11.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 4,510 shares of company stock worth $1,092,450. 2.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on JBHT shares. JPMorgan Chase & Co. lifted their target price on shares of J.B. Hunt Transport Services from $176.00 to $211.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Susquehanna lifted their target price on shares of J.B. Hunt Transport Services from $250.00 to $290.00 and gave the company a “positive” rating in a research note on Wednesday, April 22nd. Evercore set a $222.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 16th. UBS Group lifted their target price on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $240.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average target price of $227.04.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $245.40 on Friday. The firm has a fifty day simple moving average of $224.25 and a 200-day simple moving average of $204.34. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $256.18. The stock has a market capitalization of $23.14 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 1.83 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data 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. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the company earned $1.17 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is presently 27.86%.

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.