Strs Ohio raised its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) by 132.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,862 shares of the transportation company’s stock after purchasing an additional 101,954 shares during the quarter. Strs Ohio’s holdings in J.B. Hunt Transport Services were worth $23,998,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cromwell Holdings LLC grew its holdings in shares of J.B. Hunt Transport Services by 52.2% during the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after buying an additional 71 shares in the last quarter. Private Trust Co. NA boosted its position in J.B. Hunt Transport Services by 57.8% during the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after acquiring an additional 74 shares during the period. Farther Finance Advisors LLC grew its stake in J.B. Hunt Transport Services by 38.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 88 shares in the last quarter. Forsta AP Fonden increased its holdings in shares of J.B. Hunt Transport Services by 0.7% in the 2nd quarter. Forsta AP Fonden now owns 14,600 shares of the transportation company’s stock valued at $2,097,000 after purchasing an additional 100 shares during the period. Finally, Evergreen Capital Management LLC increased its holdings in shares of J.B. Hunt Transport Services by 4.2% in the 3rd quarter. Evergreen Capital Management LLC now owns 2,470 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on JBHT shares. Morgan Stanley raised their price target on shares of J.B. Hunt Transport Services from $150.00 to $165.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Bank of America increased their target price on shares of J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Raymond James Financial lifted their target price on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group upped their price target on shares of J.B. Hunt Transport Services from $169.00 to $187.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Finally, Sanford C. Bernstein increased their price objective on J.B. Hunt Transport Services from $158.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $200.05.
Insider Buying and Selling at J.B. Hunt Transport Services
In other J.B. Hunt Transport Services news, EVP David Keefauver sold 1,588 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $189.29, for a total transaction of $300,592.52. Following the transaction, the executive vice president owned 550 shares in the company, valued at $104,109.50. This trade represents a 74.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bradley W. Hicks sold 3,919 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $210.13, for a total transaction of $823,499.47. Following the completion of the transaction, the insider directly owned 26,580 shares in the company, valued at approximately $5,585,255.40. This represents a 12.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,457 shares of company stock worth $4,413,991 in the last 90 days. Company insiders own 2.30% of the company’s stock.
J.B. Hunt Transport Services Stock Performance
Shares of JBHT opened at $206.75 on Friday. The firm has a market cap of $19.69 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 1.68 and a beta of 1.27. The company’s fifty day moving average is $192.24 and its 200-day moving average is $163.81. The company has a quick ratio of 0.87, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $212.00.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last released its quarterly earnings data 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 net margin of 4.99% and a return on equity of 16.33%. J.B. Hunt Transport Services’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.53 EPS. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.
J.B. Hunt Transport Services Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 6th will be 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 is Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. J.B. Hunt Transport Services’s dividend payout ratio is currently 28.66%.
J.B. Hunt Transport Services declared that its board has initiated a share repurchase plan on Wednesday, October 22nd that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Key Headlines Impacting J.B. Hunt Transport Services
Here are the key news stories impacting J.B. Hunt Transport Services this week:
- Positive Sentiment: Board raised the quarterly dividend to $0.45 (2.3% increase), payable Feb. 20 with an ex-dividend/record date of Feb. 6 — reinforces cash return policy and signals confidence in cash flow. J. B. Hunt Transport Services, Inc. Announces Increase to Quarterly Dividend
- Positive Sentiment: Analyst upgrades and coverage pushed the stock to a new 12?month high after firms raised price targets and reiterated overweight/outperform views — supports further upside from improved sentiment. J.B. Hunt Transport Services (NASDAQ:JBHT) Sets New 12-Month High on Analyst Upgrade
- Positive Sentiment: High-profile bullish commentary (Jim Cramer) saying J.B. Hunt could “make a fortune” when freight turns around likely adds retail interest and momentum. Jim Cramer Says “When the Freight Market Turns Around, J.B.Hunt Should Be Able to Make a Fortune”
- Neutral Sentiment: Brokerage coverage is mixed-to-positive overall (consensus “Moderate Buy”); some firms raised targets substantially while others remain cautious — implies upside but not unanimous. MarketBeat JBHT Coverage Summary
- Negative Sentiment: Multiple insiders sold stock this week: EVP Bradley W. Hicks sold 3,919 shares at ~$210; EVP Ronald Greer Woodruff sold 1,391 shares at ~$207; COO Nicholas Hobbs sold 3,038 shares at ~$201. Collective insider selling can be interpreted as a near-term negative signal, though insiders still retain sizable holdings. Bradley W. Hicks Insider Sale Filing SEC Filing (Hicks)
- Negative Sentiment: Additional insider sale filings: Ronald Greer Woodruff (SEC filing) and COO Nicholas Hobbs sold shares in separate transactions, reducing individual stakes by double-digit and low-single-digit percentages respectively — could add selling pressure. SEC Filing (Woodruff) COO Nicholas Hobbs Insider Sale
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.
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