Comerica Bank Sells 28,346 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Comerica Bank reduced its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 69.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,413 shares of the transportation company’s stock after selling 28,346 shares during the quarter. Comerica Bank’s holdings in J.B. Hunt Transport Services were worth $2,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of J.B. Hunt Transport Services by 74.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock worth $2,314,000 after acquiring an additional 6,668 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in J.B. Hunt Transport Services by 3.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock valued at $64,160,000 after purchasing an additional 13,729 shares during the last quarter. Empowered Funds LLC increased its holdings in J.B. Hunt Transport Services by 27.8% during the 1st quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after purchasing an additional 385 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth approximately $539,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of J.B. Hunt Transport Services by 21.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock worth $84,000 after purchasing an additional 101 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JBHT has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on J.B. Hunt Transport Services from $169.00 to $187.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Robert W. Baird raised their price objective on J.B. Hunt Transport Services from $215.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Bank of America lifted their price objective on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Morgan Stanley upped their target price on shares of J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Finally, Wall Street Zen raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average target price of $227.04.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, CFO Albert Brad Delco sold 1,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $227.25, for a total transaction of $227,250.00. Following the completion of the transaction, the chief financial officer owned 6,983 shares in the company, valued at $1,586,886.75. This trade represents a 12.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jennifer Boattini sold 2,238 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $232.00, for a total transaction of $519,216.00. Following the completion of the sale, the senior vice president directly owned 16,650 shares in the company, valued at approximately $3,862,800. This trade represents a 11.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 5,510 shares of company stock worth $1,319,700. Insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Up 2.0%

J.B. Hunt Transport Services stock opened at $243.04 on Wednesday. The firm has a 50 day moving average price of $223.38 and a 200-day moving average price of $203.25. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $256.18. The company has a market capitalization of $22.92 billion, a P/E ratio of 37.62, a P/E/G ratio of 1.77 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. J.B. Hunt Transport Services’s revenue was up 4.6% on a year-over-year basis. As a group, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.86%.

J.B. Hunt Transport Services 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.