University of Texas Texas AM Investment Management Co. Buys 10,014 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• University of Texas Texas AM Investment Management Co. opened a position in J.B. Hunt, buying 10,014 shares valued at approximately $2.24 million. Institutional investors collectively own about 74.95% of the stock.
• J.B. Hunt reported quarterly EPS of $1.82, slightly above analyst estimates, on revenue of $3.68 billion, which beat forecasts and rose 20.4% year over year.
• The company declared a quarterly dividend of $0.45 per share, equivalent to an annualized yield of about 0.8%.

University of Texas Texas AM Investment Management Co. bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,014 shares of the transportation company's stock, valued at approximately $2,244,000.

A number of other large investors have also recently made changes to their positions in JBHT. Candriam S.C.A. grew its holdings in J.B. Hunt Transport Services by 0.6% during the 3rd quarter. Candriam S.C.A. now owns 15,303 shares of the transportation company's stock valued at $3,441,000 after purchasing an additional 94 shares during the last quarter. StoneX Group Inc. bought a new stake in J.B. Hunt Transport Services in the third quarter worth about $213,000. Pictet Asset Management Holding SA boosted its position in shares of J.B. Hunt Transport Services by 7.5% during the third quarter. Pictet Asset Management Holding SA now owns 52,927 shares of the transportation company's stock valued at $11,858,000 after buying an additional 3,694 shares during the period. Parallel Advisors LLC boosted its position in shares of J.B. Hunt Transport Services by 11.5% during the third quarter. Parallel Advisors LLC now owns 1,552 shares of the transportation company's stock valued at $348,000 after buying an additional 160 shares during the period. Finally, Alps Advisors Inc. boosted its position in shares of J.B. Hunt Transport Services by 252.7% during the third quarter. Alps Advisors Inc. now owns 2,952 shares of the transportation company's stock valued at $661,000 after buying an additional 2,115 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $217.55 on Monday. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 1.89 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.23 and a quick ratio of 1.23. J.B. Hunt Transport Services, Inc. has a 1 year low of $157.82 and a 1 year high of $299.76. The firm has a 50-day moving average of $237.66 and a two-hundred day moving average of $246.19.

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. 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 analyst estimates of $3.59 billion. During the same period last year, the company posted $1.76 earnings per share. The company's quarterly revenue was up 20.4% compared to the same quarter last year. On average, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.25 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors 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 annualized dividend and a yield of 0.8%. J.B. Hunt Transport Services's dividend payout ratio is 25.28%.

Wall Street Analyst Weigh In

JBHT has been the topic of a number of analyst reports. UBS Group upped their target price on J.B. Hunt Transport Services from $264.00 to $273.00 and gave the company a "neutral" rating in a research note on Friday, October 16th. Weiss Ratings lowered J.B. Hunt Transport Services from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, October 26th. Citizens Jmp restated a "market outperform" rating and set a $300.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, October 16th. Zacks Research cut J.B. Hunt Transport Services from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Finally, Wells Fargo & Company cut their price objective on J.B. Hunt Transport Services from $305.00 to $285.00 and set an "overweight" rating on the stock in a research report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $273.76.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services is a transportation and logistics company that provides freight services across North America. Its offerings include intermodal transportation, dedicated contract carriage, truckload services, freight brokerage and final-mile delivery.

The company's intermodal business combines rail and truck transportation, while its dedicated services provide customers with vehicles, drivers and related transportation operations. Through its logistics and brokerage operations, J.B.

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