Greenleaf Trust Sells 74 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Greenleaf Trust lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,943 shares of the transportation company’s stock after selling 74 shares during the quarter. Greenleaf Trust’s holdings in J.B. Hunt Transport Services were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in J.B. Hunt Transport Services by 184.6% during the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock valued at $406,215,000 after purchasing an additional 1,397,651 shares in the last quarter. Invesco Ltd. boosted its holdings in J.B. Hunt Transport Services by 5.6% in the third quarter. Invesco Ltd. now owns 1,090,774 shares of the transportation company’s stock worth $205,633,000 after acquiring an additional 57,546 shares in the last quarter. American Century Companies Inc. boosted its holdings in J.B. Hunt Transport Services by 24.7% in the third quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company’s stock worth $167,664,000 after acquiring an additional 176,027 shares in the last quarter. Northern Trust Corp boosted its holdings in J.B. Hunt Transport Services by 5.4% in the third quarter. Northern Trust Corp now owns 878,631 shares of the transportation company’s stock worth $165,640,000 after acquiring an additional 44,760 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in J.B. Hunt Transport Services by 3.4% in the third quarter. Stifel Financial Corp now owns 599,276 shares of the transportation company’s stock worth $112,976,000 after acquiring an additional 19,553 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JBHT. Bank of America lowered their price target on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. UBS Group lowered their price target on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. JPMorgan Chase & Co. lowered their price target on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. TD Cowen lowered their price target on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Finally, Barclays lowered their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $194.24.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee sold 3,800 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.56, for a total transaction of $807,728.00. Following the completion of the transaction, the executive vice president now directly owns 464 shares in the company, valued at $98,627.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO John Kuhlow sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total value of $745,500.00. Following the completion of the sale, the chief financial officer now directly owns 10,537 shares in the company, valued at $2,244,381. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Eric Mcgee sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.56, for a total value of $807,728.00. Following the completion of the sale, the executive vice president now owns 464 shares of the company’s stock, valued at $98,627.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,454 shares of company stock worth $3,283,219. 2.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Stock Up 0.1 %

Shares of JBHT stock opened at $167.55 on Wednesday. The stock has a 50 day moving average of $195.98 and a 200 day moving average of $192.64. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The stock has a market cap of $17.31 billion, a P/E ratio of 26.60, a P/E/G ratio of 2.20 and a beta of 1.11. J.B. Hunt Transport Services, Inc. has a twelve month low of $160.07 and a twelve month high of $219.51.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.