Greenwood Gearhart Inc. Acquires 5,150 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Greenwood Gearhart Inc. raised its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 193,569 shares of the transportation company’s stock after purchasing an additional 5,150 shares during the period. J.B. Hunt Transport Services makes up about 1.5% of Greenwood Gearhart Inc.’s investment portfolio, making the stock its 25th largest holding. Greenwood Gearhart Inc.’s holdings in J.B. Hunt Transport Services were worth $25,971,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of JBHT. Root Financial Partners LLC bought a new position in shares of J.B. Hunt Transport Services during the third quarter valued at $25,000. Cromwell Holdings LLC raised its position in J.B. Hunt Transport Services by 52.2% in the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock worth $28,000 after buying an additional 71 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in J.B. Hunt Transport Services by 41.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 66 shares during the period. Hantz Financial Services Inc. lifted its stake in J.B. Hunt Transport Services by 52.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 76 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on JBHT shares. Evercore set a $222.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of J.B. Hunt Transport Services in a research note on Monday, December 29th. Robert W. Baird raised their price target on J.B. Hunt Transport Services from $173.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $245.00 price objective on shares of J.B. Hunt Transport Services in a report on Thursday, February 19th. Finally, Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and increased their target price for the company from $160.00 to $240.00 in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus target price of $203.00.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $219.25 on Thursday. The stock has a market cap of $20.88 billion, a P/E ratio of 35.71, a P/E/G ratio of 1.81 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.83. The stock’s fifty day moving average is $210.02 and its 200 day moving average is $175.38. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $234.82.

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

J.B. Hunt Transport Services Increases Dividend

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

Insider Buying and Selling

In other news, EVP Ronald Greer Woodruff sold 331 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $225.57, for a total transaction of $74,663.67. Following the sale, the executive vice president directly owned 4,019 shares in the company, valued at $906,565.83. This trade represents a 7.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradley W. Hicks sold 4,028 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total transaction of $906,823.64. Following the transaction, the insider owned 30,395 shares in the company, valued at approximately $6,842,826.35. This trade represents a 11.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,316 shares of company stock worth $6,727,749 in the last ninety days. Corporate insiders own 2.30% of the company’s stock.

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.