Junto Capital Management LP Has $123.44 Million Position in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Junto Capital Management increased its J.B. Hunt stake by 9.3% in the second quarter, bringing its holdings to 426,492 shares valued at approximately $123.44 million. Institutional investors collectively own 74.95% of the company.
• Analysts remain broadly positive, with J.B. Hunt receiving a consensus “Moderate Buy” rating and an average price target of $286.30; several firms recently raised their targets.
• J.B. Hunt reported strong quarterly results, posting adjusted EPS of $1.91 and revenue of $3.50 billion, exceeding estimates and representing 19.4% year-over-year revenue growth. The company also declared a quarterly dividend of $0.45 per share.

Junto Capital Management LP boosted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 9.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 426,492 shares of the transportation company's stock after buying an additional 36,149 shares during the period. J.B. Hunt Transport Services makes up 2.2% of Junto Capital Management LP's portfolio, making the stock its 10th largest holding. Junto Capital Management LP owned 0.45% of J.B. Hunt Transport Services worth $123,440,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. California State Teachers Retirement System boosted its holdings in shares of J.B. Hunt Transport Services by 37,492.5% during the second quarter. California State Teachers Retirement System now owns 33,209,198 shares of the transportation company's stock worth $9,611,738,000 after acquiring an additional 33,120,858 shares during the period. BlackRock Inc. acquired a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $1,833,602,000. Jupiter Topco LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $891,349,000. AQR Capital Management LLC increased its stake in shares of J.B. Hunt Transport Services by 411.5% during the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company's stock worth $258,457,000 after purchasing an additional 1,447,993 shares during the period. Finally, Norges Bank acquired a new stake in J.B. Hunt Transport Services during the 4th quarter worth approximately $200,587,000. Institutional investors and hedge funds own 74.95% of the company's stock.

Analyst Upgrades and Downgrades

JBHT has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on J.B. Hunt Transport Services from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Robert W. Baird lifted their target price on 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. Zacks Research raised shares of J.B. Hunt Transport Services from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. BMO Capital Markets reaffirmed an "outperform" rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, Benchmark lifted their price objective on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and a consensus target price of $286.30.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $267.80 on Thursday. The company has a market cap of $25.15 billion, a price-to-earnings ratio of 37.93, a PEG ratio of 2.08 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $299.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a fifty day moving average price of $275.42 and a 200-day moving average price of $255.11.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The company had revenue of $3.50 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter last year, the business earned $1.31 earnings per share. J.B. Hunt Transport Services's revenue was up 19.4% on a year-over-year basis. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services's dividend payout ratio is 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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