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

Greenwood Gearhart Inc. raised its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,290 shares of the transportation company's stock after purchasing an additional 6,090 shares during the quarter. J.B. Hunt Transport Services accounts for approximately 1.8% of Greenwood Gearhart Inc.'s investment portfolio, making the stock its 22nd largest holding. Greenwood Gearhart Inc. owned approximately 0.17% of J.B. Hunt Transport Services worth $25,342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in JBHT. Raymond James Financial Inc. bought a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $6,030,000. Signaturefd LLC lifted its stake in J.B. Hunt Transport Services by 8.0% in the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock worth $140,000 after acquiring an additional 61 shares during the period. Royal London Asset Management Ltd. grew its holdings in J.B. Hunt Transport Services by 3.8% during the 4th quarter. Royal London Asset Management Ltd. now owns 41,617 shares of the transportation company's stock worth $7,102,000 after acquiring an additional 1,525 shares in the last quarter. American Century Companies Inc. increased its position in J.B. Hunt Transport Services by 10.8% during the 4th quarter. American Century Companies Inc. now owns 138,373 shares of the transportation company's stock valued at $23,615,000 after purchasing an additional 13,475 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of J.B. Hunt Transport Services by 2.0% in the 4th quarter. Sei Investments Co. now owns 12,777 shares of the transportation company's stock valued at $2,180,000 after purchasing an additional 256 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 989 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the transaction, the executive vice president owned 946 shares in the company, valued at approximately $143,763.62. This represents a 51.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by company insiders.

J.B. Hunt Transport Services Stock Down 0.1%

Shares of JBHT traded down $0.10 during mid-day trading on Thursday, hitting $149.74. 624,879 shares of the company traded hands, compared to its average volume of 1,140,707. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40. The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $14.85 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The business has a 50 day moving average of $144.72 and a 200 day moving average of $150.89.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%. The business's revenue was up .0% on a year-over-year basis. During the same quarter last year, the business earned $1.32 EPS. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on JBHT shares. Wells Fargo & Company reiterated an "overweight" rating and set a $163.00 price objective (up from $150.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. TD Cowen dropped their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Baird R W raised J.B. Hunt Transport Services to a "strong-buy" rating in a research report on Tuesday, July 1st. Raymond James Financial boosted their price target on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, Citigroup reissued a "buy" rating and issued a $170.00 price target (down from $175.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $164.90.

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.