Comerica Bank Sells 28,346 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Comerica Bank sold 28,346 shares of J.B. Hunt, cutting its stake by 69.5% to 12,413 shares now worth about $2.41 million; company insiders also trimmed positions, with 5,510 shares sold last quarter.
• Major institutions (State Street, AQR, JPMorgan, Invesco, UBS) have largely increased holdings and institutional ownership is 74.95%, while analysts hold a “Moderate Buy” consensus with a $227.04 target after recent price‑target raises; JBHT recently beat quarterly EPS/revenue and pays a $0.45 quarterly dividend (0.7% yield).

Comerica Bank lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 69.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,413 shares of the transportation company's stock after selling 28,346 shares during the period. Comerica Bank's holdings in J.B. Hunt Transport Services were worth $2,412,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in J.B. Hunt Transport Services by 7.1% in the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company's stock valued at $592,015,000 after buying an additional 272,594 shares during the last quarter. AQR Capital Management LLC increased its position in J.B. Hunt Transport Services by 77.2% in the 3rd quarter. AQR Capital Management LLC now owns 3,189,566 shares of the transportation company's stock valued at $426,126,000 after acquiring an additional 1,389,723 shares during the period. JPMorgan Chase & Co. raised its stake in shares of J.B. Hunt Transport Services by 18.4% during the third quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company's stock valued at $358,510,000 after acquiring an additional 416,167 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of J.B. Hunt Transport Services by 5.4% during the third quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company's stock worth $216,317,000 after purchasing an additional 82,939 shares during the period. Finally, UBS Group AG grew its stake in shares of J.B. Hunt Transport Services by 47.1% in the third quarter. UBS Group AG now owns 824,688 shares of the transportation company's stock worth $110,648,000 after purchasing an additional 263,965 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JBHT has been the topic of several recent research reports. Citigroup lifted their target price on J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a "neutral" rating in a report on Thursday, April 16th. BMO Capital Markets raised their price objective on J.B. Hunt Transport Services from $245.00 to $250.00 and gave the stock an "outperform" rating in a research report on Thursday, April 16th. The Goldman Sachs Group upped their target price on J.B. Hunt Transport Services from $169.00 to $187.00 and gave the company a "neutral" rating in a report on Thursday, January 8th. JPMorgan Chase & Co. raised their price target on shares of J.B. Hunt Transport Services from $176.00 to $211.00 and gave the stock an "overweight" rating in a report on Monday, January 12th. Finally, Weiss Ratings lowered shares of J.B. Hunt Transport Services from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $227.04.

J.B. Hunt Transport Services Stock Up 2.0%

J.B. Hunt Transport Services stock opened at $243.04 on Wednesday. The firm has a market cap of $22.92 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 1.77 and a beta of 1.28. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $256.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a 50 day moving average price of $223.38 and a two-hundred day moving average price of $203.25.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.45 by $0.04. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. Equities analysts predict that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 27.86%.

Insider Activity at J.B. Hunt Transport Services

In other news, CFO Albert Brad Delco sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $227.25, for a total transaction of $227,250.00. Following the completion of the sale, the chief financial officer owned 6,983 shares of the company's stock, valued at $1,586,886.75. This trade represents a 12.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Nicholas Hobbs sold 1,272 shares of the firm's stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total transaction of $318,954.00. Following the sale, the chief operating officer directly owned 91,736 shares of the company's stock, valued at approximately $23,002,802. This trade represents a 1.37% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 5,510 shares of company stock worth $1,319,700. Corporate insiders own 2.50% of the company's stock.

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.

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