J.B. Hunt Transport Services, Inc. $JBHT Stock Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management grew its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 167.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,322 shares of the transportation company’s stock after buying an additional 5,832 shares during the period. Ritholtz Wealth Management’s holdings in J.B. Hunt Transport Services were worth $2,089,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth $1,833,602,000. Junto Capital Management LP raised its position in shares of J.B. Hunt Transport Services by 9.3% in the second quarter. Junto Capital Management LP now owns 426,492 shares of the transportation company’s stock worth $123,440,000 after buying an additional 36,149 shares in the last quarter. Bank of America Corp DE raised its position in shares of J.B. Hunt Transport Services by 2.4% in the first quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock worth $96,332,000 after buying an additional 10,664 shares in the last quarter. Bank of Nova Scotia raised its position in shares of J.B. Hunt Transport Services by 45.7% in the first quarter. Bank of Nova Scotia now owns 39,514 shares of the transportation company’s stock worth $8,373,000 after buying an additional 12,386 shares in the last quarter. Finally, Eldred Rock Partners LLC boosted its stake in J.B. Hunt Transport Services by 6.5% during the second quarter. Eldred Rock Partners LLC now owns 84,910 shares of the transportation company’s stock valued at $24,576,000 after buying an additional 5,167 shares during the period. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT traded up $5.19 on Friday, reaching $232.85. 668,741 shares of the company’s stock traded hands, compared to its average volume of 897,665. The stock has a market cap of $21.71 billion, a PE ratio of 32.70, a P/E/G ratio of 1.98 and a beta of 1.26. J.B. Hunt Transport Services, Inc. has a 12 month low of $157.82 and a 12 month high of $299.76. The stock has a 50-day simple moving average of $234.24 and a 200 day simple moving average of $246.71. 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 (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, October 15th. The transportation company reported $1.82 earnings per share 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 firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the business posted $1.76 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, research analysts predict 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 firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors 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 annualized dividend and a dividend yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 25.28%.

Analysts Set New Price Targets

JBHT has been the subject of several recent analyst reports. BMO Capital Markets set a $315.00 target price on J.B. Hunt Transport Services in a research report on Wednesday, October 7th. Susquehanna decreased their target price on J.B. Hunt Transport Services from $345.00 to $305.00 and set a “positive” rating on the stock in a research note on Friday, October 2nd. 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 report on Friday, October 16th. Bank of America dropped their price target on J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating for the company in a research report on Wednesday, September 16th. Finally, Zacks Research downgraded J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus 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.