J.B. Hunt Transport Services, Inc. $JBHT Shares Acquired by Corient Private Wealth LP

Corient Private Wealth LP lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 453,344 shares of the transportation company's stock after acquiring an additional 33,125 shares during the quarter. Corient Private Wealth LP owned 0.48% of J.B. Hunt Transport Services worth $131,211,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $31,000. International Assets Investment Management LLC purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $32,000. MUFG Securities EMEA plc purchased a new position in J.B. Hunt Transport Services during the second quarter worth about $34,000. CIBC Private Wealth Group LLC raised its position in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company's stock valued at $37,000 after buying an additional 48 shares during the period. Finally, Advisory Services Network LLC acquired a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 74.95% of the company's stock.

Analysts Set New Price Targets

JBHT has been the topic of a number of research analyst reports. Barclays boosted their price target on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an "equal weight" rating in a research note on Thursday, July 16th. Stifel Nicolaus lifted their target price on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a "hold" rating in a report on Monday, July 13th. Robert W. Baird increased their price target on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the stock an "outperform" rating in a report on Thursday, July 16th. Susquehanna set a $345.00 price target on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Finally, Stephens increased their price target on J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an "overweight" rating in a research note 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 given a Sell rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average target price of $286.30.

J.B. Hunt Transport Services Price Performance

JBHT opened at $270.45 on Friday. 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 12-month low of $130.12 and a 12-month high of $299.76. The stock has a fifty day moving average of $274.75 and a 200-day moving average of $255.48. The firm has a market capitalization of $25.40 billion, a P/E ratio of 38.31, a PEG ratio of 2.03 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the firm earned $1.31 EPS. J.B. Hunt Transport Services's quarterly revenue was up 19.4% compared to the same quarter last year. Equities analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 25.50%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.

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