Jupiter Topco LLC Invests $891.35 Million in J.B. Hunt Transport Services, Inc. $JBHT

Jupiter Topco LLC bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,079,671 shares of the transportation company’s stock, valued at approximately $891,349,000.

A number of other hedge funds also recently made changes to their positions in the company. CYBER HORNET ETFs LLC bought a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new stake in J.B. Hunt Transport Services in the 4th quarter worth approximately $32,000. MUFG Securities EMEA plc purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $34,000. CIBC Private Wealth Group LLC raised its holdings in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after acquiring an additional 48 shares in the last quarter. Finally, Activest Wealth Management raised its holdings in shares of J.B. Hunt Transport Services by 19,800.0% during the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock worth $39,000 after acquiring an additional 198 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JBHT has been the subject of a number of recent research reports. Weiss Ratings raised shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. The Goldman Sachs Group set a $261.00 price target on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Robert W. Baird increased their price objective on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Stephens lifted their price objective on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Zacks Research upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services Price Performance

JBHT opened at $262.18 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $24.62 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 1.63 and a beta of 1.30. The business’s fifty day simple moving average is $277.76 and its 200-day simple moving average is $251.92. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the firm earned $1.31 earnings per share. J.B. Hunt Transport Services’s revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.45 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.50%.

Insider Buying and Selling

In other news, EVP David Keefauver sold 703 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the transaction, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is owned by corporate insiders.

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.