J.B. Hunt Transport Services, Inc. $JBHT Shares Acquired by Amundi

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 lifted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 519,275 shares of the transportation company's stock after purchasing an additional 15,504 shares during the period. Amundi owned 0.52% of J.B. Hunt Transport Services worth $70,741,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company's stock worth $1,486,670,000 after purchasing an additional 195,873 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of J.B. Hunt Transport Services by 14.6% during the 1st quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company's stock valued at $718,015,000 after buying an additional 616,986 shares during the period. Janus Henderson Group PLC raised its position in shares of J.B. Hunt Transport Services by 0.5% during 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 buying an additional 15,476 shares during the period. Wellington Management Group LLP raised its position in shares of J.B. Hunt Transport Services by 11.5% during the 1st quarter. Wellington Management Group LLP now owns 1,408,057 shares of the transportation company's stock valued at $208,322,000 after buying an additional 144,666 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of J.B. Hunt Transport Services by 0.7% during 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 buying an additional 8,725 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of 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. Wells Fargo & Company reaffirmed an "overweight" rating and set a $163.00 price target (up previously from $150.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. The Goldman Sachs Group set a $164.00 price target on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Robert W. Baird assumed coverage on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They set an "outperform" rating and a $169.00 price target on the stock. Finally, Bank of America lifted their price target on shares of J.B. Hunt Transport Services from $166.00 to $171.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $165.00.

J.B. Hunt Transport Services Stock Down 1.1%

Shares of NASDAQ JBHT opened at $143.73 on Friday. The firm has a market cap of $13.91 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 2.21 and a beta of 1.28. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $200.40. The business's 50 day moving average is $146.69 and its two-hundred day moving average is $144.37.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The firm had revenue of $2.93 billion during 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 firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.32 EPS. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

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

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee purchased 1,148 shares of the company's stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the purchase, the executive vice president directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Keefauver sold 989 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the transaction, the executive vice president owned 946 shares of the company's stock, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

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.

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