J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,392 shares of the transportation company’s stock after selling 270 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in J.B. Hunt Transport Services were worth $5,944,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Private Trust Co. NA increased its position in J.B. Hunt Transport Services by 57.8% in the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 74 shares during the period. Rosenberg Matthew Hamilton acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $50,000. Bayforest Capital Ltd increased its position in J.B. Hunt Transport Services by 400.4% in the 2nd quarter. Bayforest Capital Ltd now owns 3,738 shares of the transportation company’s stock valued at $537,000 after acquiring an additional 2,991 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $221,000. Finally, NorthRock Partners LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $226,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group set a $164.00 price target on J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Robert W. Baird lifted their price target on J.B. Hunt Transport Services from $164.00 to $173.00 and gave the company an “outperform” rating in a research report on Friday. UBS Group lifted their price target on J.B. Hunt Transport Services from $157.00 to $174.00 and gave the company a “neutral” rating in a research report on Thursday. Morgan Stanley lifted their price target on J.B. Hunt Transport Services from $145.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on J.B. Hunt Transport Services from $170.00 to $176.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $165.55.

Insiders Place Their Bets

In related news, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction 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 completion of the sale, the executive vice president owned 946 shares of the company’s stock, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric Mcgee acquired 1,148 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $140.76 per share, with a total value of $161,592.48. Following the transaction, the executive vice president owned 7,397 shares of the company’s stock, valued at approximately $1,041,201.72. The trade was a 18.37% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $165.49 on Tuesday. The stock has a market cap of $16.02 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.29 and a beta of 1.24. The business has a fifty day simple moving average of $141.69 and a 200-day simple moving average of $141.31. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.46 by $0.30. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.J.B. Hunt Transport Services’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.49 earnings per share. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 30.50%.

J.B. Hunt Transport Services 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.