J.B. Hunt Transport Services, Inc. $JBHT Stock: Robeco Institutional Asset Management B.V. Increases Holdings

Key Points

• Robeco Institutional Asset Management increased its J.B. Hunt holdings by 8.9% in the third quarter, bringing its position to 149,224 shares valued at approximately $33.4 million. Institutional investors collectively own 74.95% of the company.
• J.B. Hunt reported quarterly revenue of $3.68 billion, up 20.4% year over year, and earnings of $1.82 per share, slightly exceeding analyst expectations.
• The company declared a quarterly dividend of $0.45 per share, equivalent to an annualized $1.80 payout and a 0.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $273.76.

Robeco Institutional Asset Management B.V. lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 8.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,224 shares of the transportation company's stock after buying an additional 12,237 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.16% of J.B. Hunt Transport Services worth $33,434,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Elevation Wealth Partners LLC lifted its position in J.B. Hunt Transport Services by 500.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company's stock worth $43,000 after acquiring an additional 125 shares during the last quarter. Basecamp Wealth Advisors LLC boosted its holdings in J.B. Hunt Transport Services by 250.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company's stock valued at $46,000 after acquiring an additional 155 shares during the period. Parkside Financial Bank & Trust grew its position in shares of J.B. Hunt Transport Services by 17.9% in the second quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company's stock valued at $72,000 after purchasing an additional 38 shares during the last quarter. Westpac Banking Corp acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $131,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $140,000. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $230.59 on Friday. The business has a fifty day moving average of $248.09 and a 200-day moving average of $259.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.23. J.B. Hunt Transport Services, Inc. has a twelve month low of $157.82 and a twelve month high of $299.76. The firm has a market cap of $21.66 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 1.90 and a beta of 1.31.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.01. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the company earned $1.76 EPS. The firm's quarterly revenue was up 20.4% on a year-over-year basis. On average, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.23 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Truist Financial cut their price objective on J.B. Hunt Transport Services from $295.00 to $235.00 and set a "hold" rating for the company in a research report on Wednesday, October 7th. Susquehanna lowered their target price on J.B. Hunt Transport Services from $345.00 to $305.00 and set a "positive" rating on the stock in a report on Friday, October 2nd. Raymond James Financial set a $283.00 price target on J.B. Hunt Transport Services in a research report on Friday, October 16th. Stifel Nicolaus cut their price target on J.B. Hunt Transport Services from $292.00 to $289.00 and set a "hold" rating for the company in a report on Thursday, October 8th. Finally, Zacks Research downgraded shares of J.B. Hunt Transport Services from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $273.76.

J.B. Hunt Transport Services 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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