60,276 J.B. Hunt Transport Services, Inc. $JBHT Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its J.B. Hunt position by 130.8% in the third quarter, purchasing 60,276 additional shares and bringing its holdings to 106,363 shares valued at approximately $23.8 million.
• J.B. Hunt reported quarterly revenue of $3.68 billion, up 20.4% year over year and above estimates, while earnings of $1.82 per share narrowly beat expectations.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $274.12, though rising operating costs and margin-recovery concerns remain potential headwinds.

Assenagon Asset Management S.A. raised its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 130.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,363 shares of the transportation company's stock after acquiring an additional 60,276 shares during the period. Assenagon Asset Management S.A. owned approximately 0.11% of J.B. Hunt Transport Services worth $23,831,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its holdings in J.B. Hunt Transport Services by 17.9% during the second quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company's stock valued at $72,000 after buying an additional 38 shares during the period. Summitry LLC lifted its holdings in J.B. Hunt Transport Services by 2.9% during the first quarter. Summitry LLC now owns 1,560 shares of the transportation company's stock worth $331,000 after buying an additional 44 shares during the period. Keybank National Association OH lifted its holdings in J.B. Hunt Transport Services by 2.7% during the first quarter. Keybank National Association OH now owns 1,765 shares of the transportation company's stock worth $374,000 after buying an additional 46 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in J.B. Hunt Transport Services by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company's stock worth $1,827,000 after buying an additional 47 shares during the period. Finally, Eastern Bank boosted its position in J.B. Hunt Transport Services by 6.8% during the 3rd quarter. Eastern Bank now owns 768 shares of the transportation company's stock valued at $172,000 after acquiring an additional 49 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $228.78 on Monday. 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 1.26 and a current ratio of 1.23. The stock has a market cap of $21.49 billion, a P/E ratio of 32.13, a P/E/G ratio of 1.92 and a beta of 1.31. The stock has a 50-day moving average of $251.71 and a two-hundred day moving average of $259.44.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The transportation company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.81 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to analysts' expectations of $3.59 billion. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. The business's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 EPS. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.26 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 25.28%.

Trending Headlines about J.B. Hunt Transport Services

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

• Positive Sentiment: J.B. Hunt reported third-quarter revenue of $3.68 billion, up 20.4% year over year and above the $3.59 billion consensus estimate. Earnings of $1.82 per share also narrowly exceeded the $1.81 estimate, supported by intermodal growth and stronger pricing. J.B. Hunt Q3 Earnings Beat on Intermodal Growth and Strong Pricing
• Positive Sentiment: Citigroup raised its price target to $263 from $254 while keeping a Neutral rating. Citizens JMP also reaffirmed its Market Outperform rating with a $300 target, and JPMorgan retained an Overweight rating with a $283 target, indicating meaningful long-term upside potential.
• Neutral Sentiment: TD Cowen modestly reduced its price target to $279 from $283. The mixed analyst actions suggest confidence in J.B. Hunt’s growth prospects but less certainty about the near-term earnings trajectory. TD Cowen Adjusts J.B. Hunt Price Target
• Negative Sentiment: Operating expenses increased to $3.43 billion, with fuel, driver and insurance costs squeezing margins. Profit growth lagged revenue growth, making the headline earnings beat less encouraging to investors. JPMorgan also warned that markets may be overestimating how quickly margins can improve. J.B. Hunt Analysts Discuss Margin Recovery
• Negative Sentiment: Separate law-firm announcements concerning investigations into potential investor claims add an overhang, although no findings or liability have been established. Rosen Investor Investigation Announcement

Wall Street Analyst Weigh In

JBHT has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on 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. TD Cowen lowered their target price on shares of J.B. Hunt Transport Services from $297.00 to $283.00 and set a "hold" rating for the company in a research note on Monday, October 5th. Stephens cut their price target on shares of J.B. Hunt Transport Services from $330.00 to $325.00 and set an "overweight" rating on the stock in a report on Friday. Susquehanna reduced 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 research report on Friday, October 2nd. Finally, Benchmark upped their price target on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. 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 issued a Sell rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and an average target price of $274.12.

J.B. Hunt Transport Services 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 his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

The company's principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.

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