J.B. Hunt Transport Services, Inc. $JBHT Stake Increased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 15.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,822 shares of the transportation company’s stock after buying an additional 5,237 shares during the period. Illinois Municipal Retirement Fund’s holdings in J.B. Hunt Transport Services were worth $8,922,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. purchased a new position in J.B. Hunt Transport Services in the third quarter valued at about $26,000. Elevation Wealth Partners LLC lifted its position in shares of J.B. Hunt Transport Services by 500.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 125 shares during the period. Basecamp Wealth Advisors LLC lifted its position in shares of J.B. Hunt Transport Services by 250.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 155 shares during the period. Sawyer & Company Inc purchased a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $67,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of J.B. Hunt Transport Services by 17.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock worth $72,000 after acquiring an additional 38 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $227.66 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. The stock has a market cap of $21.22 billion, a P/E ratio of 31.97, a PEG ratio of 1.98 and a beta of 1.26. The company has a 50-day moving average of $234.91 and a two-hundred day moving average of $246.56. J.B. Hunt Transport Services, Inc. has a 12-month low of $157.82 and a 12-month high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.59 billion. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 earnings per share. As a group, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, November 6th. J.B. Hunt Transport Services’s payout ratio is currently 25.28%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on JBHT shares. UBS Group upped their price target on J.B. Hunt Transport Services from $264.00 to $273.00 and gave the stock a “neutral” rating in a report on Friday, October 16th. Stifel Nicolaus reduced their price objective on J.B. Hunt Transport Services from $292.00 to $289.00 and set a “hold” rating for the company in a report on Thursday, October 8th. Citigroup reaffirmed a “market outperform” rating on shares of J.B. Hunt Transport Services in a report on Friday, October 16th. Truist Financial decreased their target price on J.B. Hunt Transport Services from $295.00 to $235.00 and set a “hold” rating on the stock in a research report on Wednesday, October 7th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, October 16th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average target price of $273.76.

J.B. Hunt Transport Services Company 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.