J.B. Hunt Transport Services, Inc. $JBHT Stock Bought by Cornerstone Advisors LLC

Cornerstone Advisors LLC raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 22.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,704 shares of the transportation company’s stock after purchasing an additional 3,793 shares during the period. Cornerstone Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $4,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at approximately $1,833,602,000. Janus Henderson Group PLC lifted its position in J.B. Hunt Transport Services by 1.1% in the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after buying an additional 41,887 shares during the last quarter. Jupiter Topco LLC bought a new stake in J.B. Hunt Transport Services in the second quarter worth $891,349,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in J.B. Hunt Transport Services by 64.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,056,398 shares of the transportation company’s stock worth $305,753,000 after buying an additional 414,837 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in J.B. Hunt Transport Services during the second quarter valued at $287,581,000. 74.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JBHT. Zacks Research downgraded shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Bank of America dropped their price target on shares of J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. Stephens cut their price target on shares of 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. Barclays reduced their price objective on shares of J.B. Hunt Transport Services from $300.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 16th. Finally, Stifel Nicolaus reduced their price objective 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 report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.76.

J.B. Hunt Transport Services Trading Up 2.3%

Shares of JBHT opened at $232.85 on Friday. The firm has a market capitalization of $21.71 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 1.98 and a beta of 1.26. 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, Inc. has a 1-year low of $157.82 and a 1-year high of $299.76. The company has a 50-day moving average of $234.24 and a 200 day moving average of $246.71.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, October 15th. The transportation company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.01. The business 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 period in the prior year, the firm earned $1.76 EPS. On average, research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.25 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be issued a $0.45 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. J.B. Hunt Transport Services’s payout ratio is presently 25.28%.

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.