Amundi Acquires 15,504 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Amundi has increased its stake in J.B. Hunt Transport Services by 3.1%, owning 519,275 shares valued at $70.7 million, as of its recent SEC filing.
• J.B. Hunt's recent analyst ratings highlight a range of price targets, with Wells Fargo raising it to $163.00 and Bank of America to $171.00, indicating a generally positive outlook for the stock.
• Insiders have been active, with an EVP purchasing shares at $140.76, while another EVP sold shares at an average price of $151.97, reflecting varied insider confidence.

Amundi increased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 519,275 shares of the transportation company's stock after purchasing an additional 15,504 shares during the quarter. Amundi owned approximately 0.52% of J.B. Hunt Transport Services worth $70,741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Exchange Traded Concepts LLC increased its stake in J.B. Hunt Transport Services by 13.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock worth $108,000 after purchasing an additional 85 shares in the last quarter. Man Group plc boosted its position in J.B. Hunt Transport Services by 0.9% during the 4th quarter. Man Group plc now owns 11,165 shares of the transportation company's stock worth $1,905,000 after acquiring an additional 98 shares during the period. Trust Investment Advisors boosted its position in J.B. Hunt Transport Services by 2.3% during the 1st quarter. Trust Investment Advisors now owns 4,697 shares of the transportation company's stock worth $695,000 after acquiring an additional 104 shares during the period. TD Private Client Wealth LLC boosted its position in J.B. Hunt Transport Services by 49.3% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after acquiring an additional 109 shares during the period. Finally, Bessemer Group Inc. boosted its position in J.B. Hunt Transport Services by 22.4% during the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Performance

JBHT traded down $3.52 on Friday, hitting $137.93. The company had a trading volume of 652,734 shares, compared to its average volume of 1,017,997. The company's fifty day moving average price is $145.66 and its 200 day moving average price is $143.66. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the firm posted $1.32 earnings per share. The firm's revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services's payout ratio is 32.00%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley decreased their price objective on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Truist Financial raised their price objective on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. Barclays raised their price objective on J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Bank of America raised their price objective on J.B. Hunt Transport Services from $166.00 to $171.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, Citigroup restated a "buy" rating and set a $170.00 price objective (down from $175.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $165.00.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 989 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 approximately $143,763.62. The trade was a 51.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric Mcgee bought 1,148 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of $140.76 per share, with a total value of $161,592.48. Following the completion of the acquisition, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. The trade was a 18.37% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.

About J.B. Hunt Transport Services

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.