J.B. Hunt Transport Services, Inc. $JBHT Shares Newly Acquired by M&G PLC

M&G PLC acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 60,974 shares of the transportation company’s stock, valued at approximately $13,658,000.

Several other hedge funds have also recently added to or reduced their stakes in JBHT. BlackRock Inc. acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $1,833,602,000. Janus Henderson Group PLC lifted its holdings in shares of J.B. Hunt Transport Services by 1.1% during 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 during the last quarter. Jupiter Topco LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $891,349,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of J.B. Hunt Transport Services by 64.7% during the second 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 worth $305,753,000 after buying an additional 414,837 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $287,581,000. Institutional investors own 74.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. 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. BMO Capital Markets set a $315.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 7th. William Blair set a $300.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, October 16th. Stephens reduced their price target on shares of J.B. Hunt Transport Services from $330.00 to $325.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Finally, Barclays decreased their price target on shares of J.B. Hunt Transport Services from $300.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 16th. One research 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, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average price target of $273.76.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $226.27 on Wednesday. The stock has a 50 day moving average of $236.14 and a two-hundred day moving average of $246.35. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a 12 month low of $157.82 and a 12 month high of $299.76. The company has a market capitalization of $21.09 billion, a P/E ratio of 31.78, a P/E/G ratio of 1.95 and a beta of 1.26.

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

J.B. Hunt Transport Services Dividend Announcement

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

J.B. Hunt Transport Services Company 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.