J.B. Hunt Transport Services, Inc. $JBHT Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments opened a position in J.B. Hunt, buying 20,870 shares valued at about $4.68 million; institutional investors collectively own nearly 75% of the stock.
• Analysts’ consensus rating is Moderate Buy, with a $273.76 average price target, although some firms recently downgraded their ratings or reduced targets.
• J.B. Hunt beat quarterly estimates, reporting $1.82 in EPS and $3.68 billion in revenue, up 20.4% year over year; the company also declared a $0.45 quarterly dividend.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,870 shares of the transportation company's stock, valued at approximately $4,676,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Reyes Financial Architecture Inc. bought a new position in shares of J.B. Hunt Transport Services in the third quarter worth approximately $26,000. Elevation Wealth Partners LLC increased its stake in shares of J.B. Hunt Transport Services by 500.0% during the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company's stock valued at $43,000 after purchasing an additional 125 shares in the last quarter. Basecamp Wealth Advisors LLC increased its position in J.B. Hunt Transport Services by 250.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company's stock valued at $46,000 after buying an additional 155 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of J.B. Hunt Transport Services by 17.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company's stock worth $72,000 after purchasing an additional 38 shares during the last quarter. Finally, Sawyer & Company Inc purchased a new position in J.B. Hunt Transport Services in the third quarter worth about $67,000. 74.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on JBHT shares. Wall Street Zen cut J.B. Hunt Transport Services from a "buy" rating to a "hold" rating in a research note on Monday, September 21st. Stephens decreased their price target on shares of J.B. Hunt Transport Services from $330.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, October 16th. Citizens Jmp reaffirmed a "market outperform" rating and set a $300.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, October 16th. Citigroup reiterated a "market outperform" rating on shares of J.B. Hunt Transport Services in a research note on Friday, October 16th. Finally, Weiss Ratings cut shares of J.B. Hunt Transport Services from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $273.76.

J.B. Hunt Transport Services Stock Down 3.6%

Shares of JBHT opened at $218.99 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $20.41 billion, a P/E ratio of 30.76, a P/E/G ratio of 1.89 and a beta of 1.26. The firm has a fifty day moving average price of $238.57 and a 200-day moving average price of $246.12. J.B. Hunt Transport Services, Inc. has a 12-month low of $157.82 and a 12-month high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Thursday, October 15th. The transportation company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.59 billion. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. The company's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $1.76 earnings per share. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.25 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be issued a $0.45 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. J.B. Hunt Transport Services's payout ratio is currently 25.28%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

The company's principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.

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