Amundi Has $143.06 Million Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Amundi reduced its J.B. Hunt Transport Services stake by 35.8% in the second quarter, selling 275,161 shares and retaining 494,292 shares valued at approximately $143.1 million. Institutional investors and hedge funds collectively own 74.95% of the company.
• Analysts maintain a generally positive outlook, with J.B. Hunt receiving a consensus rating of “Moderate Buy” and an average price target of $286.30; recent targets range as high as $370.
• J.B. Hunt reported stronger-than-expected quarterly results, earning $1.91 per share on $3.50 billion in revenue, while revenue increased 19.4% year over year. The company also pays a quarterly dividend of $0.45, or $1.80 annually, yielding about 0.7%.

Amundi cut its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 35.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 494,292 shares of the transportation company's stock after selling 275,161 shares during the quarter. Amundi owned 0.53% of J.B. Hunt Transport Services worth $143,063,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. California State Teachers Retirement System boosted its stake in shares of J.B. Hunt Transport Services by 37,492.5% in the second quarter. California State Teachers Retirement System now owns 33,209,198 shares of the transportation company's stock valued at $9,611,738,000 after buying an additional 33,120,858 shares during the period. Ameritas Advisory Services LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth $1,230,000. Wedmont Private Capital bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth $224,000. HB Wealth Management LLC raised its holdings in J.B. Hunt Transport Services by 12.4% in the 2nd quarter. HB Wealth Management LLC now owns 7,659 shares of the transportation company's stock valued at $2,217,000 after acquiring an additional 847 shares in the last quarter. Finally, Saudi Central Bank raised its holdings in J.B. Hunt Transport Services by 88.4% in the 2nd quarter. Saudi Central Bank now owns 5,298 shares of the transportation company's stock valued at $1,533,000 after acquiring an additional 2,486 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JBHT has been the topic of several analyst reports. TD Cowen increased their target price on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a "hold" rating in a report on Thursday, July 16th. Citigroup reaffirmed a "market perform" rating on shares of J.B. Hunt Transport Services in a research report on Monday, July 20th. Raymond James Financial increased their price objective on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, July 16th. Robert W. Baird raised their target price on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the company an "outperform" rating in a report on Thursday, July 16th. Finally, Stephens boosted their target price on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $286.30.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $274.78 on Wednesday. The stock's 50-day simple moving average is $275.86 and its 200 day simple moving average is $254.81. The firm has a market capitalization of $25.81 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the firm earned $1.31 earnings per share. The business's quarterly revenue was up 19.4% on a year-over-year basis. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services's dividend payout ratio is presently 25.50%.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.

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