Man Group plc Purchases New Stake in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Man Group plc acquired 76,493 shares of J.B. Hunt Transport Services in the second quarter, valued at approximately $22.1 million and representing a 0.08% stake. Institutional investors collectively own 74.95% of the company.
• J.B. Hunt reported a strong quarter, with EPS of $1.91 versus the $1.71 consensus estimate and revenue of $3.50 billion, up 19.4% year over year. The company also maintains a quarterly dividend of $0.45, or $1.80 annualized.
• Analysts hold a “Moderate Buy” consensus rating, with an average price target of $286.30. Shares recently traded at $263.64, while two executive vice presidents disclosed stock sales totaling roughly $626,000.

Man Group plc acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 76,493 shares of the transportation company's stock, valued at approximately $22,139,000. Man Group plc owned 0.08% of J.B. Hunt Transport Services at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of JBHT. CYBER HORNET ETFs LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth $31,000. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $32,000. MUFG Securities EMEA plc acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $34,000. CIBC Private Wealth Group LLC lifted its stake in shares of J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company's stock valued at $37,000 after purchasing an additional 48 shares during the period. Finally, Activest Wealth Management boosted its holdings in J.B. Hunt Transport Services by 19,800.0% during the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company's stock worth $39,000 after buying an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the sale, the executive vice president owned 15,881 shares of the company's stock, valued at $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Keefauver sold 703 shares of the company's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president owned 790 shares of the company's stock, valued at $225,252.70. The trade was a 47.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.50% of the company's stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $263.64 on Thursday. The business has a fifty day moving average of $277.69 and a 200-day moving average of $252.19. 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 stock has a market cap of $24.76 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31.

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

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a $0.45 dividend. 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 payout ratio is currently 25.50%.

Analyst Ratings Changes

A number of brokerages have issued reports on JBHT. Barclays increased their target price on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an "equal weight" rating in a report on Thursday, July 16th. Weiss Ratings raised J.B. Hunt Transport Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 18th. Stifel Nicolaus upped their price target on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a "hold" rating in a report on Monday, July 13th. Susquehanna set a $345.00 price objective on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Finally, Benchmark lifted their price objective on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $286.30.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.

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