Inspire Investing LLC grew its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) by 25.3% during the 3rd quarter, Holdings Channel reports. The firm owned 31,672 shares of the transportation company’s stock after purchasing an additional 6,396 shares during the quarter. Inspire Investing LLC’s holdings in J.B. Hunt Transport Services were worth $7,096,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Parkside Financial Bank & Trust raised its position in shares of J.B. Hunt Transport Services by 17.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock worth $72,000 after purchasing an additional 38 shares during the last quarter. Summitry LLC lifted its stake in J.B. Hunt Transport Services by 2.9% in the 1st quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock valued at $331,000 after buying an additional 44 shares in the last quarter. Keybank National Association OH lifted its stake in J.B. Hunt Transport Services by 2.7% in the 1st quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock valued at $374,000 after buying an additional 46 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in J.B. Hunt Transport Services by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock worth $1,827,000 after buying an additional 47 shares during the last quarter. Finally, Eastern Bank boosted its holdings in J.B. Hunt Transport Services by 6.8% in the 3rd quarter. Eastern Bank now owns 768 shares of the transportation company’s stock worth $172,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.
J.B. Hunt Transport Services Stock Performance
NASDAQ:JBHT opened at $226.03 on Friday. The company has a market cap of $21.23 billion, a P/E ratio of 31.75, a P/E/G ratio of 1.92 and a beta of 1.31. J.B. Hunt Transport Services, Inc. has a twelve month low of $157.82 and a twelve month high of $299.76. The company’s 50-day moving average price is $247.02 and its 200-day moving average price is $259.58. The company has a current ratio of 1.23, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.01. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the prior year, the company earned $1.76 EPS. J.B. Hunt Transport Services’s revenue was up 20.4% compared to the same quarter last year. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.23 earnings per share for the current fiscal year.
J.B. Hunt Transport Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 6th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.28%.
Analyst Ratings Changes
JBHT has been the subject of several research reports. Robert W. Baird cut their price objective on J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, September 17th. The Goldman Sachs Group restated a “neutral” rating and issued a $252.00 target price on shares of J.B. Hunt Transport Services in a research report on Monday. Citigroup restated a “market outperform” rating on shares of J.B. Hunt Transport Services in a research report on Friday, October 16th. William Blair set a $300.00 price target on J.B. Hunt Transport Services in a research note on Friday, October 16th. Finally, Benchmark boosted their price target on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $273.76.
Check Out Our Latest Research Report on JBHT
J.B. Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.
The company’s principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.
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