6,275 J.B. Hunt Transport Services, Inc. $JBHT Shares Bought by ProShare Advisors LLC

Key Points

• ProShare Advisors increased its J.B. Hunt stake 49.5% in the third quarter, adding 6,275 shares and bringing its holdings to 18,942 shares, valued at about $4.24 million. Institutional investors own nearly 75% of the company’s stock.
• Analysts give J.B. Hunt a consensus “Moderate Buy” rating, with an average price target of $273.76.
• The company beat quarterly estimates with EPS of $1.82 and revenue of $3.68 billion; revenue rose 20.4% year over year. It also announced a $0.45 quarterly dividend, equal to a 0.8% annualized yield.

ProShare Advisors LLC lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 49.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,942 shares of the transportation company's stock after acquiring an additional 6,275 shares during the quarter. ProShare Advisors LLC's holdings in J.B. Hunt Transport Services were worth $4,244,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vise Technologies Inc. boosted its stake in J.B. Hunt Transport Services by 335.9% in the third quarter. Vise Technologies Inc. now owns 19,067 shares of the transportation company's stock valued at $4,272,000 after acquiring an additional 14,693 shares during the period. Avestar Capital LLC raised its position in shares of J.B. Hunt Transport Services by 37.8% during the 3rd quarter. Avestar Capital LLC now owns 1,575 shares of the transportation company's stock worth $353,000 after purchasing an additional 432 shares during the period. Parcion Private Wealth LLC raised its position in shares of J.B. Hunt Transport Services by 1.8% during the 3rd quarter. Parcion Private Wealth LLC now owns 4,210 shares of the transportation company's stock worth $943,000 after purchasing an additional 74 shares during the period. Soltis Investment Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 4.7% in the 3rd quarter. Soltis Investment Advisors LLC now owns 1,863 shares of the transportation company's stock worth $417,000 after purchasing an additional 83 shares during the last quarter. Finally, Childress Capital Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 31.7% in the 3rd quarter. Childress Capital Advisors LLC now owns 2,503 shares of the transportation company's stock worth $561,000 after purchasing an additional 603 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JBHT has been the topic of several analyst reports. Raymond James Financial set a $283.00 target price on J.B. Hunt Transport Services in a research report on Friday, October 16th. UBS Group boosted their price target on shares of J.B. Hunt Transport Services from $264.00 to $273.00 and gave the company a "neutral" rating in a report on Friday, October 16th. William Blair set a $300.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, October 16th. Barclays dropped their price objective 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 report on Wednesday, September 16th. Finally, BMO Capital Markets set a $315.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and a consensus price target of $273.76.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $218.99 on Friday. The firm has a market capitalization of $20.41 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 1.89 and a beta of 1.26. 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, Inc. has a one year low of $157.82 and a one year high of $299.76. The stock's fifty day moving average is $238.57 and its 200-day moving average is $246.12.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.59 billion. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. J.B. Hunt Transport Services's revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.76 EPS. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.25 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

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

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 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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