J.B. Hunt Transport Services, Inc. $JBHT Shares Newly Purchased by Strategy Asset Managers LLC

Strategy Asset Managers LLC bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,832 shares of the transportation company’s stock, valued at approximately $635,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Tempus Wealth Planning LLC lifted its stake in J.B. Hunt Transport Services by 0.9% in the third quarter. Tempus Wealth Planning LLC now owns 6,043 shares of the transportation company’s stock valued at $1,354,000 after buying an additional 56 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $230,000. Contravisory Investment Management Inc. grew its position in shares of J.B. Hunt Transport Services by 5.5% during the 3rd quarter. Contravisory Investment Management Inc. now owns 6,079 shares of the transportation company’s stock worth $1,362,000 after buying an additional 317 shares during the period. LifeGoal Investments LLC grew its position in shares of J.B. Hunt Transport Services by 7.8% during the 3rd quarter. LifeGoal Investments LLC now owns 1,264 shares of the transportation company’s stock worth $283,000 after buying an additional 92 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 28.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,509 shares of the transportation company’s stock valued at $786,000 after acquiring an additional 780 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $232.16 on Thursday. J.B. Hunt Transport Services, Inc. has a 1-year low of $137.99 and a 1-year high of $299.76. The company has a market cap of $21.80 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 1.90 and a beta of 1.31. The company’s fifty day moving average price is $253.14 and its two-hundred day moving average price is $259.06. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the company earned $1.31 earnings per share. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post 7.34 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.50%.

Analyst Upgrades and Downgrades

JBHT has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on shares of J.B. Hunt Transport Services from $292.00 to $289.00 and set a “hold” rating on the stock in a research report on Thursday, October 8th. Citizens Jmp raised shares of J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating and set a $300.00 target price on the stock in a research note on Thursday, September 17th. BMO Capital Markets set a $315.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 7th. Robert W. Baird decreased their price target on shares of 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. Finally, Zacks Research lowered shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $276.08.

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 Johnelle Hunt, the company has grown from a small trucking operation into a major provider of freight transportation and supply-chain services across North America.

The company’s primary business activities include intermodal transportation, which combines rail and truck services; dedicated contract services, which provides customized fleet and delivery operations for individual customers; and integrated capacity solutions, including freight brokerage and third-party logistics.