J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Citigroup Inc.

Key Points

• Citigroup Inc. increased its stake in J.B. Hunt Transport Services by 35.0%, now owning approximately 0.08% of the company, valued at $12.4 million.
• The company announced a quarterly dividend of $0.44, yielding about 1.2%, with an ex-dividend date of August 8th.
• J.B. Hunt's stock was recently trading at $143.45, with a market cap of $13.89 billion and an average target price from analysts of $164.90.

Citigroup Inc. lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 35.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,567 shares of the transportation company's stock after purchasing an additional 21,643 shares during the quarter. Citigroup Inc. owned about 0.08% of J.B. Hunt Transport Services worth $12,364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in JBHT. Vanguard Group Inc. lifted its position in J.B. Hunt Transport Services by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company's stock valued at $1,486,670,000 after acquiring an additional 195,873 shares in the last quarter. Janus Henderson Group PLC lifted its position in J.B. Hunt Transport Services by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company's stock valued at $578,572,000 after acquiring an additional 15,476 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in J.B. Hunt Transport Services by 0.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company's stock valued at $225,209,000 after acquiring an additional 8,725 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in J.B. Hunt Transport Services by 10.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,181,027 shares of the transportation company's stock valued at $201,555,000 after acquiring an additional 108,933 shares in the last quarter. Finally, Northern Trust Corp lifted its position in J.B. Hunt Transport Services by 9.0% in the 4th quarter. Northern Trust Corp now owns 795,855 shares of the transportation company's stock valued at $135,821,000 after acquiring an additional 65,424 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president directly owned 946 shares in the company, valued at $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric Mcgee bought 1,148 shares of the stock in a transaction on Monday, August 4th. The stock was purchased at an average price of $140.76 per share, with a total value of $161,592.48. Following the completion of the purchase, the executive vice president owned 7,397 shares of the company's stock, valued at $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company insiders.

J.B. Hunt Transport Services Trading Down 0.7%

Shares of NASDAQ:JBHT traded down $1.00 during trading on Friday, reaching $143.45. 544,605 shares of the company were exchanged, compared to its average volume of 1,064,553. The firm has a market capitalization of $13.89 billion, a PE ratio of 26.08, a P/E/G ratio of 2.21 and a beta of 1.29. The business's fifty day simple moving average is $145.77 and its 200-day simple moving average is $146.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.03). The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 earnings per share. On average, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 32.00%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JBHT. Raymond James Financial upped their price objective on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Morgan Stanley lowered their price objective on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. Stifel Nicolaus decreased their target price on shares of J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating for the company in a research note on Wednesday, July 16th. Truist Financial boosted their target price on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a "hold" rating in a research note on Wednesday, July 16th. Finally, The Goldman Sachs Group set a $164.00 target price on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $164.90.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.