Is Buying J.B. Hunt Transport Services Inc (NASDAQ:JBHT), Having Lower Short Interest a Winning Strategy?

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Logo

Investors sentiment decreased to 0.64 in Q2 2019. Its down 0.51, from 1.15 in 2019Q1. It dropped, as 59 investors sold J.B. Hunt Transport Services, Inc. shares while 138 reduced holdings. 37 funds opened positions while 90 raised stakes. 79.17 million shares or 1.05% more from 78.35 million shares in 2019Q1 were reported.
Asset Management Incorporated accumulated 6,021 shares or 0.03% of the stock. Ubs Asset Mngmt Americas holds 289,788 shares or 0% of its portfolio. Waddell & Reed Financial holds 642,789 shares or 0.15% of its portfolio. Brandywine Global Investment Limited Liability Co invested 0.05% of its portfolio in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT). Baystate Wealth Management Limited Co reported 123 shares. Mackenzie reported 4,197 shares. Intll Invsts owns 1.20 million shares. Mutual Of America Capital Mngmt Limited Liability holds 0.02% of its portfolio in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) for 11,808 shares. Moreover, Cambridge has 0.03% invested in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) for 5,743 shares. Axa reported 17,606 shares. First Personal Fincl Serv reported 7 shares. San Francisco Sentry Group Incorporated (Ca) has 0% invested in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) for 8 shares. Gemmer Asset Mngmt Limited Liability Corp holds 0% in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) or 162 shares. Susquehanna Int Group Limited Liability Partnership owns 0% invested in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) for 12,338 shares. Guardian Life Insur Co Of America has 0% invested in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) for 246 shares.

The stock of J.B. Hunt Transport Services Inc (NASDAQ:JBHT) registered a decrease of 2.57% in short interest. JBHT’s total short interest was 4.69 million shares in October as published by FINRA. Its down 2.57% from 4.82M shares, reported previously. With 1.17M shares average volume, it will take short sellers 4 days to cover their JBHT’s short positions. The short interest to J.B. Hunt Transport Services Inc’s float is 5.45%.

The stock increased 2.57% or $2.77 during the last trading session, reaching $110.35. About 724,822 shares traded. J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has declined 13.11% since October 12, 2018 and is downtrending. It has underperformed by 13.11% the S&P500.

J.B. Hunt Transport Services, Inc., together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. The company has market cap of $11.78 billion. It operates through four divisions: Intermodal , Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truck (JBT). It has a 25.62 P/E ratio. The JBI segment offers intermodal freight solutions, such as origin and destination pickup, and delivery services.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Ratings Coverage

Among 3 analysts covering JB Hunt Transport Servs (NASDAQ:JBHT), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. JB Hunt Transport Servs has $12100 highest and $95 lowest target. $107.25’s average target is -2.81% below currents $110.35 stock price. JB Hunt Transport Servs had 13 analyst reports since April 16, 2019 according to SRatingsIntel. Morgan Stanley maintained J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) rating on Tuesday, April 16. Morgan Stanley has “Equal-Weight” rating and $95 target. Stifel Nicolaus maintained J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) on Tuesday, April 16 with “Hold” rating. The rating was maintained by BMO Capital Markets with “Market Perform” on Tuesday, April 16.

More notable recent J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) news were published by: Seekingalpha.com which released: “Fastenal Confirms Main Street Doing Better Than Wall Street – Also, It’s All About Stocks And Earnings – Seeking Alpha” on October 11, 2019, also Finance.Yahoo.com with their article: “Hedge Funds Drop The Ball On J.B. Hunt Transport Services, Inc. (JBHT) – Yahoo Finance” published on October 12, 2019, Seekingalpha.com published: “Select trucking stocks follow J.B. Hunt Transport lower – Seeking Alpha” on April 16, 2019. More interesting news about J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) were released by: Fool.com and their article: “Pre-Market Movers: J.B. Hunt’s Earnings and JBG SMITH’s Equity Raise – Motley Fool” published on April 16, 2019 as well as Thestreet.com‘s news article titled: “J.B. Hunt Hits a Downgrade Speed Bump From Bank of America – TheStreet.com” with publication date: May 28, 2019.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Institutional Positions Chart

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