USA Financial Formulas purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 3,046 shares of the transportation company’s stock, valued at approximately $645,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of JBHT. State Street Corp grew its position in shares of J.B. Hunt Transport Services by 7.1% during the second quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after purchasing an additional 272,594 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of J.B. Hunt Transport Services by 1.1% in the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after buying an additional 41,887 shares in the last quarter. AQR Capital Management LLC boosted its stake in J.B. Hunt Transport Services by 17.7% during the fourth quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock valued at $729,780,000 after buying an additional 565,605 shares during the last quarter. Invesco Ltd. boosted its stake in J.B. Hunt Transport Services by 5.4% during the third quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company’s stock valued at $216,317,000 after buying an additional 82,939 shares during the last quarter. Finally, Norges Bank purchased a new position in J.B. Hunt Transport Services during the 4th quarter valued at approximately $200,587,000. 74.95% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on JBHT. Evercore reaffirmed an “outperform” rating and issued a $248.00 price objective on shares of J.B. Hunt Transport Services in a research note on Monday, May 11th. The Goldman Sachs Group set a $261.00 target price on J.B. Hunt Transport Services in a research report on Thursday, July 16th. Argus set a $285.00 target price on shares of J.B. Hunt Transport Services in a report on Monday, April 20th. TD Cowen boosted their price target on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Finally, Zacks Research upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $286.30.
Insider Buying and Selling
In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, the executive vice president owned 15,881 shares in the company, valued at $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Spencer Frazier sold 2,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the completion of the sale, the executive vice president directly owned 4,604 shares in the company, valued at approximately $1,188,752.80. This represents a 30.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,203 shares of company stock worth $1,142,861 over the last three months. 2.50% of the stock is owned by insiders.
J.B. Hunt Transport Services Trading Down 0.9%
Shares of JBHT stock opened at $279.71 on Friday. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $299.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s 50 day simple moving average is $279.67 and its two-hundred day simple moving average is $248.62. The company has a market cap of $26.27 billion, a PE ratio of 39.62, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last posted 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. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the company earned $1.31 EPS. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.
J.B. Hunt Transport Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a $0.45 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 25.50%.
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.
Further Reading
- Five stocks we like better than J.B. Hunt Transport Services
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
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.
