Citizens Financial Group Inc. RI acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,415 shares of the transportation company’s stock, valued at approximately $512,000.
Several other large investors also recently added to or reduced their stakes in JBHT. AQR Capital Management LLC increased its holdings in J.B. Hunt Transport Services by 411.5% during the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after buying an additional 1,447,993 shares during the period. Norges Bank purchased a new stake in J.B. Hunt Transport Services during the fourth quarter worth $200,587,000. Bessemer Group Inc. boosted its position in J.B. Hunt Transport Services by 75,567.4% during the 4th quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock valued at $195,580,000 after acquiring an additional 1,005,047 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in J.B. Hunt Transport Services by 338.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 823,089 shares of the transportation company’s stock valued at $110,434,000 after acquiring an additional 635,172 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of J.B. Hunt Transport Services by 272.8% in the 4th quarter. Wellington Management Group LLP now owns 747,377 shares of the transportation company’s stock valued at $145,245,000 after acquiring an additional 546,880 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.
Key J.B. Hunt Transport Services News
Here are the key news stories impacting J.B. Hunt Transport Services this week:
- Positive Sentiment: Second-quarter EPS came in at $1.91, ahead of the $1.71 consensus, while revenue reached $3.50 billion versus expectations of $3.26 billion, showing better-than-expected demand and pricing. Business Wire earnings release
- Positive Sentiment: Net earnings rose to $181 million from $128.6 million a year ago, and the company said its largest segment posted a 22% revenue increase and 10% volume growth, signaling an improving freight environment. WSJ report
- Positive Sentiment: Several analysts raised price targets ahead of and after the report, including Susquehanna to $326 and Truist to $280, reflecting improved sentiment around JBHT’s earnings power. Analyst updates via Benzinga
- Neutral Sentiment: MarketWatch noted the stock underperformed some transportation peers on Wednesday, suggesting investors may be weighing the strong earnings against broader sector moves and valuation. MarketWatch comparison
Insider Activity at J.B. Hunt Transport Services
J.B. Hunt Transport Services Stock Performance
Shares of NASDAQ JBHT opened at $276.28 on Thursday. 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, Inc. has a 12 month low of $130.12 and a 12 month high of $294.98. The company has a 50 day simple moving average of $272.26 and a two-hundred day simple moving average of $237.17. The stock has a market cap of $26.05 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 2.04 and a beta of 1.29.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the firm posted $1.31 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, analysts predict that J.B. Hunt Transport Services, Inc. will post 7.32 earnings per share for the current year.
J.B. Hunt Transport Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.86%.
Wall Street Analysts Forecast Growth
JBHT has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of J.B. Hunt Transport Services in a report on Wednesday. They issued a “market perform” rating for the company. Citizens Jmp initiated coverage on shares of J.B. Hunt Transport Services in a report on Wednesday. They issued a “market perform” rating on the stock. Wall Street Zen raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Sanford C. Bernstein raised shares of J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating and increased their target price for the company from $192.00 to $329.00 in a research report on Thursday, July 9th. Finally, Morgan Stanley restated an “underweight” rating and issued a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $265.22.
Read Our Latest Report on J.B. Hunt Transport Services
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.
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