J.B. Hunt Transport Services, Inc. $JBHT Stock Holdings Increased by Truist Financial Corp

Key Points

• Truist Financial Corp has increased its stake in J.B. Hunt Transport Services by 32.5%, now holding 14,122 shares valued at approximately $2 million.
• Several institutional investors, including Vanguard Group and JPMorgan Chase, have also increased their holdings in J.B. Hunt, with institutional ownership currently at 74.95%.
• J.B. Hunt's stock recently reported a 3.9% decline, opening at $137.09, and the company posted lower than expected earnings, missing the consensus EPS estimate by ($0.03).

Truist Financial Corp boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 32.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,122 shares of the transportation company's stock after buying an additional 3,463 shares during the quarter. Truist Financial Corp's holdings in J.B. Hunt Transport Services were worth $2,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in J.B. Hunt Transport Services by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company's stock valued at $1,486,670,000 after buying an additional 195,873 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of J.B. Hunt Transport Services by 14.6% during the first quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company's stock valued at $718,015,000 after purchasing an additional 616,986 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of J.B. Hunt Transport Services by 11.5% during the first quarter. Wellington Management Group LLP now owns 1,408,057 shares of the transportation company's stock valued at $208,322,000 after purchasing an additional 144,666 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of J.B. Hunt Transport Services by 2.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,347,508 shares of the transportation company's stock valued at $199,364,000 after purchasing an additional 27,871 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of J.B. Hunt Transport Services by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,201,423 shares of the transportation company's stock valued at $177,738,000 after purchasing an additional 20,396 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 989 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Eric Mcgee acquired 1,148 shares of the company's stock in a transaction dated Monday, August 4th. The shares were purchased at an average cost of $140.76 per share, with a total value of $161,592.48. Following the acquisition, the executive vice president owned 7,397 shares of the company's stock, valued at approximately $1,041,201.72. This represents a 18.37% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

JBHT has been the subject of several recent research reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of J.B. Hunt Transport Services in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on J.B. Hunt Transport Services from $180.00 to $170.00 and set an "overweight" rating for the company in a research report on Wednesday. Susquehanna cut their target price on J.B. Hunt Transport Services from $157.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, September 24th. The Goldman Sachs Group set a $164.00 price target on J.B. Hunt Transport Services in a report on Tuesday, July 8th. Finally, Raymond James Financial boosted their target price on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.00.

J.B. Hunt Transport Services Stock Down 3.9%

NASDAQ JBHT opened at $137.09 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a 50-day simple moving average of $140.30 and a 200 day simple moving average of $141.11. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The stock has a market cap of $13.27 billion, a PE ratio of 24.93, a PEG ratio of 2.25 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) 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 business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the company earned $1.32 EPS. The business's revenue for the quarter was up .0% on a year-over-year basis. On average, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 32.00%.

J.B. Hunt Transport Services 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.

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