J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 16.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,417 shares of the transportation company’s stock after selling 5,055 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in J.B. Hunt Transport Services were worth $5,386,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Three Seasons Wealth LLC raised its holdings in shares of J.B. Hunt Transport Services by 125.8% during the first quarter. Three Seasons Wealth LLC now owns 2,529 shares of the transportation company’s stock worth $536,000 after purchasing an additional 1,409 shares during the period. MASTERINVEST Kapitalanlage GmbH boosted its holdings in shares of J.B. Hunt Transport Services by 69.1% in the 1st quarter. MASTERINVEST Kapitalanlage GmbH now owns 9,373 shares of the transportation company’s stock valued at $1,986,000 after buying an additional 3,829 shares during the period. BlueChip Wealth Advisors LLC grew its position in shares of J.B. Hunt Transport Services by 7.3% during the 1st quarter. BlueChip Wealth Advisors LLC now owns 1,857 shares of the transportation company’s stock valued at $393,000 after buying an additional 126 shares during the last quarter. Checchi Capital Advisers LLC bought a new stake in shares of J.B. Hunt Transport Services during the 1st quarter valued at about $234,000. Finally, Hartford Funds Management Co LLC raised its stake in J.B. Hunt Transport Services by 2.3% during the first quarter. Hartford Funds Management Co LLC now owns 4,286 shares of the transportation company’s stock worth $909,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the topic of a number of recent research reports. Susquehanna set a $345.00 target price on shares of J.B. Hunt Transport Services in a report on Thursday. UBS Group upped their target price on J.B. Hunt Transport Services from $286.00 to $291.00 and gave the company a “neutral” rating in a report on Thursday. TD Cowen increased their price target on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a research report on Thursday. Stifel Nicolaus raised their price target on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Finally, Barclays boosted their price objective on J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $291.41 on Friday. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $299.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $27.48 billion, a price-to-earnings ratio of 41.28, a price-to-earnings-growth ratio of 2.11 and a beta of 1.29. The business has a 50 day simple moving average of $274.31 and a 200 day simple moving average of $238.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the business earned $1.31 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.54 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is currently 27.86%.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, EVP Brian Webb sold 1,500 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Spencer Frazier sold 2,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the completion of the transaction, the executive vice president owned 4,604 shares of the company’s stock, valued at $1,188,752.80. This represents a 30.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 18,119 shares of company stock valued at $4,736,095. 2.50% of the stock is currently owned by insiders.

Trending Headlines about J.B. Hunt Transport Services

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: JBHT was added to Zacks’ “Strong Buy” momentum list, signaling improving technical and fundamental momentum. Best Momentum Stocks to Buy for July 17th
• Positive Sentiment: Analysts raised price targets after the earnings beat, including JPMorgan, Robert W. Baird, Barclays, Citigroup, and TD Cowen, reflecting confidence in the recovery and margin improvement.
• Positive Sentiment: Reports highlighted shrinking trucking capacity and a shift toward intermodal freight, which could support stronger pricing and volume trends for JBHT. J.B. Hunt Stock Could Reach $340 as Trucking Capacity Shrinks
• Positive Sentiment: JBHT was also featured on relative-strength and momentum screens, indicating that investors see it as one of the stronger names in a choppy market. 5 Top Stocks With Relative Price Strength to Buy Right Now
• Neutral Sentiment: One Zacks article cautioned that while earnings growth and estimate revisions support the rally, the stock’s premium valuation means investors should remain selective. Is JBHT Stock too Expensive or Still Attractive After Its Rally?
• Neutral Sentiment: Analysts’ consensus remains constructive, with coverage still centered around a “Moderate Buy” view.

J.B. Hunt Transport Services Company Profile

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.