Cornerstone Advisors LLC Purchases 3,793 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Cornerstone Advisors LLC increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 22.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,704 shares of the transportation company’s stock after buying an additional 3,793 shares during the period. Cornerstone Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $4,639,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in JBHT. BlackRock Inc. purchased a new stake in J.B. Hunt Transport Services in the second quarter worth about $1,833,602,000. Janus Henderson Group PLC grew its holdings in J.B. Hunt Transport Services by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after acquiring an additional 41,887 shares in the last quarter. Jupiter Topco LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter valued at about $891,349,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in J.B. Hunt Transport Services by 64.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,056,398 shares of the transportation company’s stock valued at $305,753,000 after purchasing an additional 414,837 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter valued at about $287,581,000. 74.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on JBHT shares. Citizens Jmp restated a “market outperform” rating and issued a $300.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, October 16th. Raymond James Financial set a $283.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, October 16th. Bank of America cut their price objective on shares of J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating on the stock in a report on Wednesday, September 16th. JPMorgan Chase & Co. reduced their price objective on shares of J.B. Hunt Transport Services from $287.00 to $283.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Finally, Susquehanna lowered their target price on J.B. Hunt Transport Services from $345.00 to $305.00 and set a “positive” rating for the company in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $273.76.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $232.85 on Friday. The company has a market capitalization of $21.71 billion, a PE ratio of 32.70, a P/E/G ratio of 1.98 and a beta of 1.26. The company has a 50-day simple moving average of $234.24 and a two-hundred day simple moving average of $246.71. J.B. Hunt Transport Services, Inc. has a one year low of $157.82 and a one year high of $299.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.23.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period last year, the business earned $1.76 EPS. The company’s revenue was up 20.4% compared to the same quarter last year. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.25 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

J.B. Hunt Transport Services Profile

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. Hunt also arranges freight transportation using a network of carriers.