Greenleaf Trust Increases Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Posted by Defense World Staff on Apr 8th, 2023

Greenleaf Trust lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,088 shares of the transportation company’s stock after purchasing an additional 354 shares during the period. Greenleaf Trust’s holdings in J.B. Hunt Transport Services were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in J.B. Hunt Transport Services by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 9,834,678 shares of the transportation company’s stock worth $1,538,341,000 after buying an additional 69,566 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in J.B. Hunt Transport Services by 7.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,579,989 shares of the transportation company’s stock worth $1,193,621,000 after buying an additional 517,629 shares in the last quarter. Victory Capital Management Inc. increased its stake in J.B. Hunt Transport Services by 2.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,253,579 shares of the transportation company’s stock worth $196,085,000 after buying an additional 33,777 shares in the last quarter. Bank of New York Mellon Corp increased its stake in J.B. Hunt Transport Services by 12.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 940,315 shares of the transportation company’s stock worth $147,085,000 after buying an additional 102,784 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in J.B. Hunt Transport Services by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 810,661 shares of the transportation company’s stock worth $126,847,000 after buying an additional 20,135 shares in the last quarter. Hedge funds and other institutional investors own 74.93% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Alfred C. Harper sold 5,300 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $190.33, for a total transaction of $1,008,749.00. Following the sale, the executive vice president now owns 32,556 shares of the company’s stock, valued at $6,196,383.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

J.B. Hunt Transport Services Stock Down 0.1 %

NASDAQ:JBHT opened at $170.03 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $180.85 and its two-hundred day moving average is $177.01. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.92 and a 52 week high of $200.64. The stock has a market capitalization of $17.64 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 1.23 and a beta of 1.13.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last released its quarterly earnings results on Wednesday, January 18th. The transportation company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.53). J.B. Hunt Transport Services had a return on equity of 28.20% and a net margin of 6.54%. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the company earned $2.28 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 9.24 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.99%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.40. J.B. Hunt Transport Services’s dividend payout ratio is currently 18.26%.

Analyst Ratings Changes

Several equities research analysts have commented on JBHT shares. UBS Group boosted their price objective on J.B. Hunt Transport Services from $155.00 to $162.00 in a research note on Thursday, January 19th. Credit Suisse Group upped their price target on J.B. Hunt Transport Services from $194.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, January 19th. Barclays upped their price target on J.B. Hunt Transport Services from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, January 19th. Stephens dropped their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, March 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on J.B. Hunt Transport Services from $214.00 to $207.00 in a research report on Monday, March 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.50.

J.B. Hunt Transport Services Profile

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J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.