Waddell & Associates LLC raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) by 60.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,290 shares of the transportation company’s stock after purchasing an additional 2,000 shares during the quarter. Waddell & Associates LLC’s holdings in J.B. Hunt Transport Services were worth $1,028,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBHT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in J.B. Hunt Transport Services by 74.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after purchasing an additional 6,668 shares during the period. Goldman Sachs Group Inc. raised its position in J.B. Hunt Transport Services by 3.3% in the first 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 period. Empowered Funds LLC raised its position in J.B. Hunt Transport Services by 27.8% in the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock valued at $262,000 after purchasing an additional 385 shares during the period. Sivia Capital Partners LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $539,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in 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 valued at $84,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.
J.B. Hunt Transport Services News Summary
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
Insider Buying and Selling at J.B. Hunt Transport Services
J.B. Hunt Transport Services Price Performance
J.B. Hunt Transport Services stock opened at $288.17 on Tuesday. The stock has a market cap of $27.17 billion, a P/E ratio of 44.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.30. The company has a fifty day simple moving average of $246.78 and a 200-day simple moving average of $219.34. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $289.95. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last released its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company 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 company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is 27.86%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on JBHT shares. Wells Fargo & Company boosted their target price on J.B. Hunt Transport Services from $250.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup raised their price target on shares of J.B. Hunt Transport Services from $228.00 to $236.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Susquehanna raised their price target on shares of J.B. Hunt Transport Services from $250.00 to $290.00 and gave the company a “positive” rating in a research report on Wednesday, April 22nd. Truist Financial raised their price target on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Finally, Robert W. Baird raised their price target on shares of J.B. Hunt Transport Services from $215.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $233.83.
View Our Latest Stock Report on JBHT
J.B. Hunt Transport Services Company 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.
Featured Articles
- Five stocks we like better than J.B. Hunt Transport Services
- Campbell’s Soup Stock: Deep Value and a 7% Dividend Yield
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
Want to see what other hedge funds are holding JBHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report).
Receive News & Ratings for J.B. Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.
