ProShare Advisors LLC Acquires 6,275 Shares of J.B. Hunt Transport Services, Inc. $JBHT

ProShare Advisors LLC lifted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 49.5% during the third quarter, Holdings Channel reports. The firm owned 18,942 shares of the transportation company’s stock after purchasing an additional 6,275 shares during the quarter. ProShare Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $4,244,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vise Technologies Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 335.9% in the third quarter. Vise Technologies Inc. now owns 19,067 shares of the transportation company’s stock worth $4,272,000 after buying an additional 14,693 shares during the period. Avestar Capital LLC raised its holdings in shares of J.B. Hunt Transport Services by 37.8% during the third quarter. Avestar Capital LLC now owns 1,575 shares of the transportation company’s stock valued at $353,000 after acquiring an additional 432 shares during the period. Parcion Private Wealth LLC raised its holdings in shares of J.B. Hunt Transport Services by 1.8% during the third quarter. Parcion Private Wealth LLC now owns 4,210 shares of the transportation company’s stock valued at $943,000 after acquiring an additional 74 shares during the period. Soltis Investment Advisors LLC raised its holdings in shares of J.B. Hunt Transport Services by 4.7% during the third quarter. Soltis Investment Advisors LLC now owns 1,863 shares of the transportation company’s stock valued at $417,000 after acquiring an additional 83 shares during the period. Finally, Childress Capital Advisors LLC lifted its position in shares of J.B. Hunt Transport Services by 31.7% in the 3rd quarter. Childress Capital Advisors LLC now owns 2,503 shares of the transportation company’s stock valued at $561,000 after acquiring an additional 603 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stifel Nicolaus cut their target price 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 note on Thursday, October 8th. TD Cowen decreased their target price on J.B. Hunt Transport Services from $297.00 to $283.00 and set a “hold” rating for the company in a research report on Monday, October 5th. Weiss Ratings cut J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, October 26th. Robert W. Baird lowered their price target on J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $252.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $273.76.

J.B. Hunt Transport Services Stock Down 3.6%

JBHT stock opened at $218.99 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a 1 year low of $157.82 and a 1 year high of $299.76. The company has a fifty day simple moving average of $238.57 and a 200 day simple moving average of $246.12. The firm has a market cap of $20.41 billion, a PE ratio of 30.76, a PEG ratio of 1.89 and a beta of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, October 15th. The transportation company reported $1.82 earnings per share for the quarter, beating 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 the consensus estimate of $3.59 billion. During the same period last year, the business earned $1.76 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.25 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be issued a $0.45 dividend. 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 25.28%.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

The company’s principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.