J.B. Hunt Transport Services, Inc. $JBHT Shares Acquired by Greenwood Gearhart Inc.

Key Points

• Greenwood Gearhart Inc. increased its stake in J.B. Hunt Transport Services by 10.0%, acquiring a total of 188,419 shares, which represents about 0.19% of the company valued at approximately $27 million.
• J.B. Hunt's stock has experienced a recent target price adjustment, with Wells Fargo & Company lowering its target from $163.00 to $160.00 while maintaining an "overweight" rating.
• The company announced a quarterly dividend of $0.44 per share, which equates to an annualized yield of 1.3%, and its payout ratio stands at 32.00%.

Greenwood Gearhart Inc. increased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 10.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 188,419 shares of the transportation company's stock after purchasing an additional 17,129 shares during the period. J.B. Hunt Transport Services accounts for about 1.7% of Greenwood Gearhart Inc.'s investment portfolio, making the stock its 24th biggest holding. Greenwood Gearhart Inc. owned about 0.19% of J.B. Hunt Transport Services worth $27,057,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in J.B. Hunt Transport Services by 13.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company's stock worth $1,529,000 after purchasing an additional 1,209 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in J.B. Hunt Transport Services in the first quarter worth about $1,746,000. Bessemer Group Inc. grew its stake in J.B. Hunt Transport Services by 22.4% in the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after purchasing an additional 120 shares in the last quarter. SG Americas Securities LLC grew its stake in J.B. Hunt Transport Services by 179.8% in the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company's stock worth $590,000 after purchasing an additional 2,564 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in J.B. Hunt Transport Services by 8.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock worth $976,000 after purchasing an additional 494 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 989 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the sale, the executive vice president owned 946 shares of the company's stock, valued at $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric Mcgee bought 1,148 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the acquisition, the executive vice president owned 7,397 shares of the company's stock, valued at $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JBHT has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on shares of J.B. Hunt Transport Services from $163.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday, October 6th. UBS Group cut shares of J.B. Hunt Transport Services from a "buy" rating to a "neutral" rating and raised their target price for the stock from $155.00 to $157.00 in a report on Friday, September 5th. The Goldman Sachs Group set a $164.00 target price on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Bank of America cut their target price on shares of J.B. Hunt Transport Services from $171.00 to $153.00 and set a "buy" rating on the stock in a report on Tuesday, September 16th. Finally, Stifel Nicolaus cut their target price on shares of J.B. Hunt Transport Services from $145.00 to $140.00 and set a "hold" rating on the stock in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $160.00.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $137.09 on Friday. The business's 50 day moving average is $140.30 and its 200-day moving average is $141.11. The stock has a market cap of $13.27 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40.

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

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 annualized dividend and a yield of 1.3%. J.B. Hunt Transport Services's payout ratio is presently 32.00%.

J.B. Hunt Transport Services Company Profile

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.

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