9,043 J.B. Hunt Transport Services, Inc. $JBHT Shares Acquired by Narwhal Capital Management

Narwhal Capital Management increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 428.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,155 shares of the transportation company’s stock after purchasing an additional 9,043 shares during the period. Narwhal Capital Management’s holdings in J.B. Hunt Transport Services were worth $2,499,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in J.B. Hunt Transport Services during the second quarter worth approximately $1,833,602,000. Jupiter Topco LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth $891,349,000. Janus Henderson Group PLC boosted its stake in J.B. Hunt Transport Services by 1.1% during the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after buying an additional 41,887 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in J.B. Hunt Transport Services by 64.7% during the second 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 buying an additional 414,837 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $287,581,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $226.27 on Wednesday. J.B. Hunt Transport Services, Inc. has a 52 week low of $157.82 and a 52 week high of $299.76. The stock’s fifty day moving average is $236.14 and its two-hundred day moving average is $246.35. 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 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 issued its quarterly earnings data on Thursday, October 15th. The transportation company reported $1.82 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 firm 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 business posted $1.76 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 7.25 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be given 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 dividend yield of 0.8%. J.B. Hunt Transport Services’s payout ratio is currently 25.28%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price target on J.B. Hunt Transport Services from $287.00 to $283.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Stifel Nicolaus lowered their price target on shares of J.B. Hunt Transport Services from $292.00 to $289.00 and set a “hold” rating on the stock in a research report on Thursday, October 8th. Bank of America dropped their price objective on shares of J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating for the company in a report on Wednesday, September 16th. BMO Capital Markets set a $315.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 7th. Finally, Susquehanna cut their price objective on shares of J.B. Hunt Transport Services from $345.00 to $305.00 and set a “positive” rating for the company in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $273.76.

J.B. Hunt Transport Services 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.