10,014 Shares of J.B. Hunt Transport Services, Inc. $JBHT Bought by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,014 shares of the transportation company’s stock, valued at approximately $2,244,000.

A number of other hedge funds also recently added to or reduced their stakes in JBHT. Candriam S.C.A. lifted its position in shares of J.B. Hunt Transport Services by 0.6% in the 3rd quarter. Candriam S.C.A. now owns 15,303 shares of the transportation company’s stock worth $3,441,000 after purchasing an additional 94 shares during the period. StoneX Group Inc. bought a new position in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $213,000. Pictet Asset Management Holding SA increased its holdings in J.B. Hunt Transport Services by 7.5% during the third quarter. Pictet Asset Management Holding SA now owns 52,927 shares of the transportation company’s stock valued at $11,858,000 after buying an additional 3,694 shares during the period. Parallel Advisors LLC increased its holdings in J.B. Hunt Transport Services by 11.5% during the third quarter. Parallel Advisors LLC now owns 1,552 shares of the transportation company’s stock valued at $348,000 after buying an additional 160 shares during the period. Finally, Alps Advisors Inc. increased its holdings in J.B. Hunt Transport Services by 252.7% during the third quarter. Alps Advisors Inc. now owns 2,952 shares of the transportation company’s stock valued at $661,000 after buying an additional 2,115 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $217.55 on Monday. The company has a 50 day moving average of $237.66 and a two-hundred day moving average of $246.19. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a twelve month low of $157.82 and a twelve month high of $299.76. The company has a market cap of $20.28 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 1.89 and a beta of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.01. J.B. Hunt Transport Services had a return on equity of 18.72% and a net margin of 5.07%. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the firm posted $1.76 earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, analysts predict that J.B. Hunt Transport Services, Inc. will post 7.25 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, November 6th. J.B. Hunt Transport Services’s payout ratio is 25.28%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barclays reduced their price objective on shares of J.B. Hunt Transport Services from $300.00 to $285.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 16th. Citizens Jmp reaffirmed a “market outperform” rating and set a $300.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, October 16th. Susquehanna cut their price target on J.B. Hunt Transport Services from $345.00 to $305.00 and set a “positive” rating on the stock in a report on Friday, October 2nd. Weiss Ratings downgraded J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, October 26th. Finally, Stephens reduced their price target on J.B. Hunt Transport Services from $330.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average price target of $273.76.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services is a transportation and logistics company that provides freight services across North America. Its offerings include intermodal transportation, dedicated contract carriage, truckload services, freight brokerage and final-mile delivery.

The company’s intermodal business combines rail and truck transportation, while its dedicated services provide customers with vehicles, drivers and related transportation operations. Through its logistics and brokerage operations, J.B.