435,164 Shares in J.B. Hunt Transport Services, Inc. $JBHT Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 435,164 shares of J.B. Hunt Transport Services during the second quarter, a stake worth approximately $125.9 million and representing 0.46% of the company. Institutional investors collectively own nearly 75% of JBHT.
• J.B. Hunt reported stronger-than-expected quarterly results, with EPS of $1.91 versus the $1.71 consensus and revenue of $3.50 billion, up 19.4% year over year. The company also paid a quarterly dividend of $0.45 per share, yielding about 0.8% annually.
• Analyst sentiment remains broadly positive but mixed: JBHT has a consensus “Moderate Buy” rating and an average price target of $284.17, while several firms recently lowered targets amid concerns about labor, fuel and insurance costs weighing on profitability.

Bank of America Corp DE acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 435,164 shares of the transportation company's stock, valued at approximately $125,949,000. Bank of America Corp DE owned approximately 0.46% of J.B. Hunt Transport Services at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in J.B. Hunt Transport Services during the second quarter worth about $1,833,602,000. Jupiter Topco LLC bought a new position in J.B. Hunt Transport Services during the second quarter worth $891,349,000. Janus Henderson Group PLC boosted its position 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 valued at $843,937,000 after purchasing an additional 41,887 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $287,581,000. Finally, Park Presidio Capital LLC bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $218,096,000. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Down 1.1%

Shares of JBHT stock opened at $234.25 on Friday. The stock's 50-day simple moving average is $272.03 and its 200-day simple moving average is $256.39. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $299.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $22.00 billion, a PE ratio of 33.18, a P/E/G ratio of 1.88 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the firm posted $1.31 EPS. The company's revenue was up 19.4% on a year-over-year basis. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 7.69 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of research analyst reports. Wall Street Zen raised shares of J.B. Hunt Transport Services from a "hold" rating to a "buy" rating in a research report on Sunday, September 13th. Barclays decreased their price target on J.B. Hunt Transport Services from $300.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Citizens Jmp upgraded J.B. Hunt Transport Services from a "market perform" rating to an "outperform" rating and set a $300.00 price objective on the stock in a research report on Thursday. Wells Fargo & Company cut their price objective on shares of J.B. Hunt Transport Services from $335.00 to $305.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Stephens boosted their target price on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and a consensus target price of $284.17.

More J.B. Hunt Transport Services News

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: Several analysts still see long-term upside. Raymond James and Baird maintained “outperform” ratings despite reducing their price targets to $300 and $290, respectively, while Citizens JMP upgraded JBHT to “outperform” with a $300 target. J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning
• Positive Sentiment: The bullish case rests on a structural shortage of qualified truck drivers, expected retirements and tighter industry capacity. These factors could eventually support higher freight rates, market-share gains and improved profitability if demand strengthens and pricing catches up with costs. J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning
• Neutral Sentiment: Analyst opinion remains mixed. Wells Fargo lowered its expectations, and other firms trimmed targets, but the broader consensus remains around Moderate Buy. The average of recently revised targets is approximately $288.50, indicating analysts view the selloff as potentially excessive while acknowledging near-term execution risk. Wells Fargo Lowers Expectations for J.B. Hunt
• Negative Sentiment: The earnings warning is the primary pressure on JBHT. Investors are concerned that labor, fuel and insurance-related costs will erode profit even as freight demand improves, raising the risk of additional earnings-estimate cuts. J.B. Hunt Stock Down 13%: Here’s Why
• Negative Sentiment: The warning also intensified concerns across the trucking industry, where weak pricing and persistent cost inflation have pressured peers. Investors may remain cautious until J.B. Hunt’s next earnings report confirms whether improved supply-demand conditions can offset the cost increases. J.B. Hunt Faces Persistent Cost Pressures

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.

Want to see what other hedge funds are holding JBHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.