Hsbc Holdings PLC Acquires Shares of 154,254 J.B. Hunt Transport Services, Inc. $JBHT

Hsbc Holdings PLC purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 154,254 shares of the transportation company’s stock, valued at approximately $44,637,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter worth about $1,833,602,000. State Street Corp lifted its holdings in J.B. Hunt Transport Services by 7.1% during the second quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after purchasing an additional 272,594 shares during the last quarter. Janus Henderson Group PLC boosted its position in J.B. Hunt Transport Services by 1.1% during the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after purchasing an additional 41,887 shares during the period. AQR Capital Management LLC boosted its position in J.B. Hunt Transport Services by 17.7% during the fourth quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock worth $729,780,000 after purchasing an additional 565,605 shares during the period. Finally, Invesco Ltd. increased its stake in shares of J.B. Hunt Transport Services by 5.4% in the third quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company’s stock worth $216,317,000 after purchasing an additional 82,939 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the sale, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. The trade was a 47.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on JBHT shares. Weiss Ratings raised shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Zacks Research upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Robert W. Baird lifted 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 note on Thursday, July 16th. Stifel Nicolaus boosted their target price on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a “hold” rating in a report on Monday, July 13th. Finally, Citigroup restated a “market perform” rating on shares of J.B. Hunt Transport Services in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $263.64 on Thursday. The stock has a market cap of $24.76 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 1.65 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The business has a 50-day simple moving average of $277.69 and a 200 day simple moving average of $252.19. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly 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. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 EPS. On average, research analysts forecast 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is 25.50%.

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.