Corient Private Wealth LP Has $131.21 Million Stake in J.B. Hunt Transport Services, Inc. $JBHT

Corient Private Wealth LP raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 453,344 shares of the transportation company’s stock after purchasing an additional 33,125 shares during the quarter. Corient Private Wealth LP’s holdings in J.B. Hunt Transport Services were worth $131,211,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JBHT. BlackRock Inc. bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $1,833,602,000. Sivia Capital Partners LLC purchased a new position in shares of J.B. Hunt Transport Services in the second quarter valued at $539,000. HighTower Advisors LLC boosted its stake in J.B. Hunt Transport Services by 71.7% during the fourth quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company’s stock valued at $1,882,000 after buying an additional 4,043 shares during the period. Bank of America Corp DE lifted its stake in J.B. Hunt Transport Services by 2.4% during the first quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock worth $96,332,000 after purchasing an additional 10,664 shares during the last quarter. Finally, Norges Bank bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $200,587,000. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $270.45 on Friday. The stock has a market cap of $25.40 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $299.76. The business has a fifty day moving average of $274.75 and a two-hundred day moving average of $255.48.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the business posted $1.31 earnings per share. J.B. Hunt Transport Services’s revenue was up 19.4% compared to the same quarter last year. As a group, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.50%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JBHT. Benchmark increased their price target on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Morgan Stanley reaffirmed an “underweight” rating and set a $200.00 price target (up from $190.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 6th. Wall Street Zen downgraded shares of J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Stifel Nicolaus increased their price objective on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Finally, UBS Group increased their price target on J.B. Hunt Transport Services from $286.00 to $291.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $286.30.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.