BNP Paribas Financial Markets Has $29.28 Million Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• BNP Paribas Financial Markets increased its stake in J.B. Hunt Transport Services by 25.7%, acquiring a total of 197,887 shares valued at approximately $29.3 million.
• Analysts have set varied price targets for J.B. Hunt Transport Services, with Goldman Sachs forecasting $164.00 per share and Bank of America raising their target to $171.00.
• J.B. Hunt reported a quarterly earnings miss with $1.31 EPS against estimates of $1.34, while revenue remained steady at $2.93 billion.

BNP Paribas Financial Markets boosted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 25.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 197,887 shares of the transportation company's stock after purchasing an additional 40,502 shares during the period. BNP Paribas Financial Markets owned approximately 0.20% of J.B. Hunt Transport Services worth $29,277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Summit Securities Group LLC lifted its stake in J.B. Hunt Transport Services by 19,600.0% during the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock valued at $29,000 after purchasing an additional 196 shares during the last quarter. Allworth Financial LP lifted its stake in J.B. Hunt Transport Services by 167.0% during the first quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock valued at $35,000 after purchasing an additional 147 shares during the last quarter. National Pension Service lifted its stake in J.B. Hunt Transport Services by 74.9% during the first quarter. National Pension Service now owns 306 shares of the transportation company's stock valued at $45,000 after purchasing an additional 131 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of J.B. Hunt Transport Services by 49.3% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock valued at $49,000 after acquiring an additional 109 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of J.B. Hunt Transport Services by 34.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company's stock valued at $71,000 after acquiring an additional 123 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 dated Monday, August 4th. The shares were bought at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, the executive vice president directly owned 7,397 shares in the company, valued at $1,041,201.72. This trade represents a 18.37% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Keefauver sold 989 shares of the 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 transaction, the executive vice president owned 946 shares in the company, 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. 2.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on JBHT shares. 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. Susquehanna upped their price target on shares of J.B. Hunt Transport Services from $155.00 to $157.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Stifel Nicolaus reduced their price target 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 report on Wednesday, July 16th. UBS Group downgraded shares of J.B. Hunt Transport Services from a "buy" rating to a "neutral" rating and upped their price target for the company from $155.00 to $157.00 in a research report on Friday. Finally, Wells Fargo & Company restated an "overweight" rating and issued 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $165.00.

J.B. Hunt Transport Services Stock Down 1.1%

J.B. Hunt Transport Services stock traded down $1.55 during trading hours on Friday, hitting $143.73. The company had a trading volume of 891,759 shares, compared to its average volume of 989,844. The firm has a market capitalization of $13.91 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 2.21 and a beta of 1.28. 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 firm's fifty day moving average is $146.69 and its 200-day moving average is $144.37. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $2.93 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.32 EPS. On average, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

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.