Los Angeles Capital Management LLC Takes $7.38 Million Position in J.B. Hunt Transport Services, Inc. $JBHT

Los Angeles Capital Management LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 37,979 shares of the transportation company’s stock, valued at approximately $7,381,000.

A number of other hedge funds have also made changes to their positions in JBHT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 valued at $2,314,000 after acquiring an additional 6,668 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of J.B. Hunt Transport Services by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock valued at $64,160,000 after acquiring an additional 13,729 shares during the period. Empowered Funds LLC increased its stake 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 buying an additional 385 shares during the period. Sivia Capital Partners LLC purchased a new stake in J.B. Hunt Transport Services during the 2nd quarter worth $539,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in J.B. Hunt Transport Services by 21.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock worth $84,000 after buying an additional 101 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Trending Headlines about J.B. Hunt Transport Services

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

• Positive Sentiment: Zacks highlighted JBHT as a strong momentum stock, which can support investor interest and buying pressure. Here’s Why JB Hunt (JBHT) is a Strong Momentum Stock
• Positive Sentiment: Wall Street Zen reportedly upgraded the stock, another sign of improving sentiment around JBHT. J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Rating Upgraded by Wall Street Zen
• Neutral Sentiment: Additional commentary compared JBHT with ArcBest on valuation, but it does not appear to be a direct catalyst on its own. ARCB or JBHT: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Another article asked whether JBHT is a good stock to buy now, which reflects ongoing market debate rather than a clear new catalyst. Is J.B. Hunt Transport Services, Inc. (JBHT) A Good Stock To Buy Now?
• Negative Sentiment: EVP David Keefauver sold 703 shares, reducing his stake by 47.09%, which may raise some caution about insider sentiment. SEC filing for David Keefauver transaction
• Negative Sentiment: EVP Brian Webb also sold 1,500 shares, trimming his ownership by 8.63%, adding to the insider-selling overhang. SEC filing for Brian Webb transaction

Analysts Set New Price Targets

JBHT has been the topic of several analyst reports. Wall Street Zen raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Sunday. Stifel Nicolaus lifted their price target on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, April 2nd. Truist Financial lifted their price target on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a research note on Thursday, April 16th. Benchmark lifted their price target on shares of J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Susquehanna lifted their price target on shares of J.B. Hunt Transport Services from $250.00 to $290.00 and gave the stock a “positive” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average price target of $233.83.

Insider Buying and Selling

In other news, insider Bradley W. Hicks sold 7,644 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $261.91, for a total value of $2,002,040.04. Following the completion of the sale, the insider owned 23,982 shares of the company’s stock, valued at approximately $6,281,125.62. The trade was a 24.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Spencer Frazier sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total transaction of $516,400.00. Following the completion of the sale, the executive vice president directly owned 4,604 shares of the company’s stock, valued at $1,188,752.80. The trade was a 30.28% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 18,119 shares of company stock worth $4,736,095. 2.50% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Price Performance

JBHT opened at $288.17 on Tuesday. The company has a 50-day moving average of $246.78 and a 200-day moving average of $219.34. The company has a market capitalization of $27.17 billion, a P/E ratio of 44.61, a PEG ratio of 2.12 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $289.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

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

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. J.B. Hunt Transport Services’s 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.