Greenwood Gearhart Inc. Continues to Hold Position in J.B. Hunt Transport Services, Inc. (JBHT)

Greenwood Gearhart Inc. held its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,648 shares of the transportation company’s stock at the end of the 2nd quarter. Greenwood Gearhart Inc.’s holdings in J.B. Hunt Transport Services were worth $3,349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its position in J.B. Hunt Transport Services by 1.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 143,459 shares of the transportation company’s stock valued at $13,109,000 after acquiring an additional 1,439 shares during the period. Contravisory Investment Management Inc. increased its position in J.B. Hunt Transport Services by 0.8% in the 2nd quarter. Contravisory Investment Management Inc. now owns 2,605 shares of the transportation company’s stock valued at $238,000 after acquiring an additional 20 shares during the period. Legal & General Group Plc increased its position in J.B. Hunt Transport Services by 10.8% in the 2nd quarter. Legal & General Group Plc now owns 464,511 shares of the transportation company’s stock valued at $42,446,000 after acquiring an additional 45,277 shares during the period. Stephens Inc. AR increased its position in J.B. Hunt Transport Services by 12.2% in the 2nd quarter. Stephens Inc. AR now owns 33,243 shares of the transportation company’s stock valued at $3,038,000 after acquiring an additional 3,617 shares during the period. Finally, American Century Companies Inc. increased its position in J.B. Hunt Transport Services by 30.8% in the 2nd quarter. American Century Companies Inc. now owns 1,095,010 shares of the transportation company’s stock valued at $100,062,000 after acquiring an additional 257,725 shares during the period. Hedge funds and other institutional investors own 71.54% of the company’s stock.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.04). The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS.

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Several research firms recently commented on JBHT. J P Morgan Chase & Co raised their target price on J.B. Hunt Transport Services from $108.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday. Credit Suisse Group restated a “buy” rating and issued a $114.00 target price (up from $100.00) on shares of J.B. Hunt Transport Services in a research report on Thursday. They noted that the move was a valuation call. Robert W. Baird restated a “hold” rating and issued a $112.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, October 6th. Loop Capital restated a “buy” rating and issued a $116.00 target price (up from $103.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 4th. Finally, Barclays PLC raised their target price on J.B. Hunt Transport Services from $97.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 2nd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. J.B. Hunt Transport Services currently has an average rating of “Buy” and a consensus price target of $107.44.

In other J.B. Hunt Transport Services news, EVP Nicholas Hobbs sold 4,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $93.55, for a total transaction of $374,200.00. Following the completion of the sale, the executive vice president now owns 51,232 shares in the company, valued at approximately $4,792,753.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman James K. Thompson sold 8,503 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $91.76, for a total transaction of $780,235.28. Following the sale, the chairman now owns 51,846 shares of the company’s stock, valued at approximately $4,757,388.96. The disclosure for this sale can be found here. Insiders have sold a total of 1,052,872 shares of company stock valued at $103,066,436 in the last quarter. Corporate insiders own 4.30% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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