J.B. Hunt Transport Services, Inc. $JBHT Stock Purchased by Lido Advisors LLC

Lido Advisors LLC raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,293 shares of the transportation company’s stock after purchasing an additional 8,695 shares during the period. Lido Advisors LLC owned 0.15% of J.B. Hunt Transport Services worth $30,985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in J.B. Hunt Transport Services during the 2nd quarter valued at $1,833,602,000. Janus Henderson Group PLC grew its position in J.B. Hunt Transport Services by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after purchasing an additional 41,887 shares during the last quarter. Jupiter Topco LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter worth $891,349,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of J.B. Hunt Transport Services by 64.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,056,398 shares of the transportation company’s stock worth $305,753,000 after purchasing an additional 414,837 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $287,581,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.9%

Shares of JBHT stock opened at $226.27 on Wednesday. J.B. Hunt Transport Services, Inc. has a 12-month low of $157.82 and a 12-month high of $299.76. The company has a market capitalization of $21.09 billion, a P/E ratio of 31.78, a P/E/G ratio of 1.95 and a beta of 1.26. The firm has a 50-day moving average price of $236.14 and a 200 day moving average price of $246.35. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly 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 return on equity of 18.72% and a net margin of 5.07%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the company earned $1.76 EPS. J.B. Hunt Transport Services’s revenue for the quarter was up 20.4% on a year-over-year basis. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.25 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently commented on JBHT shares. Zacks Research lowered shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. TD Cowen decreased their target price on J.B. Hunt Transport Services from $297.00 to $283.00 and set a “hold” rating on the stock in a research report on Monday, October 5th. Stephens lowered their price target on J.B. Hunt Transport Services from $330.00 to $325.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. William Blair set a $300.00 price target on J.B. Hunt Transport Services in a research note on Friday, October 16th. Finally, Sanford C. Bernstein cut their price target on J.B. Hunt Transport Services from $329.00 to $307.00 and set an “outperform” rating for the company in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $273.76.

J.B. Hunt Transport Services Company Profile

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. Hunt also arranges freight transportation using a network of carriers.