Citizens Financial Group Inc. RI Makes New Investment in J.B. Hunt Transport Services, Inc. $JBHT

Citizens Financial Group Inc. RI purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 3,432 shares of the transportation company’s stock, valued at approximately $993,000.

Other hedge funds have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new position in J.B. Hunt Transport Services in the 4th quarter valued at approximately $32,000. MUFG Securities EMEA plc acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth approximately $34,000. Whittier Trust Co. boosted its position in J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after buying an additional 50 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after acquiring an additional 48 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on JBHT. Weiss Ratings upgraded shares of J.B. Hunt Transport Services from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. BMO Capital Markets reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Stifel Nicolaus boosted their price objective on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Truist Financial increased their price objective on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. raised their target price on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $286.30.

Get Our Latest Stock Analysis on J.B. Hunt Transport Services

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the sale, the executive vice president directly owned 790 shares in the company, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the transaction, the executive vice president directly owned 15,881 shares in the company, valued at $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Down 3.2%

J.B. Hunt Transport Services stock opened at $274.19 on Wednesday. The firm has a market cap of $25.75 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 1.76 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $299.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a 50 day moving average price of $279.32 and a two-hundred day moving average price of $249.98.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the firm posted $1.31 EPS. The company’s quarterly revenue was up 19.4% on a year-over-year basis. Equities analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, August 7th. 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 25.50%.

J.B. Hunt Transport Services Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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