Bessemer Group Inc. Cuts Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Bessemer Group Inc. decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 16.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 840,516 shares of the transportation company’s stock after selling 165,861 shares during the quarter. Bessemer Group Inc.’s holdings in J.B. Hunt Transport Services were worth $178,106,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $31,000. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth $32,000. MUFG Securities EMEA plc bought a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth $34,000. Whittier Trust Co. lifted its stake in shares of J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after purchasing an additional 50 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JBHT. Barclays raised their price objective on J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group set a $261.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday. Wall Street Zen upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. JPMorgan Chase & Co. lifted their price objective on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Robert W. Baird boosted their price objective on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Stock Up 8.0%

Shares of JBHT stock opened at $298.41 on Friday. The stock’s fifty day moving average price is $273.39 and its 200 day moving average price is $237.87. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $299.76. The company has a market cap of $28.14 billion, a price-to-earnings ratio of 42.27, a price-to-earnings-growth ratio of 2.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.86% and a net margin of 5.31%.The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $1.31 earnings per share. On average, research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.35 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio is 27.86%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the business’s 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren P. Field sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the transaction, the executive vice president owned 8,696 shares in the company, valued at $2,213,045.04. The trade was a 31.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,119 shares of company stock worth $4,736,095 over the last ninety days. 2.50% of the stock is currently owned by insiders.

Key Headlines Impacting J.B. Hunt Transport Services

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: J.B. Hunt delivered Q2 earnings of $1.91 per share, topping estimates of $1.71, while revenue came in at $3.50 billion versus $3.26 billion expected. Results were driven by higher intermodal volumes, improved pricing, and cost discipline. Article Title
• Positive Sentiment: Management said intermodal performance was especially strong, with record quarterly volumes and a 22% revenue increase in the largest segment, reinforcing optimism that the freight cycle may be improving. Article Title
• Positive Sentiment: Multiple analysts turned more constructive after the report, including JPMorgan raising its target to $313 and Robert W. Baird lifting its target to $320 with an outperform rating, signaling higher expectations for JBHT’s earnings power. Article Title
• Positive Sentiment: Other firms also raised targets, including Citigroup to $309, Barclays to $300, and TD Cowen to $297, reflecting broad post-earnings optimism even where ratings remained neutral or hold. Article Title
• Neutral Sentiment: Some analysts stayed cautious, with Citigroup maintaining a neutral rating, Barclays at equal weight, and TD Cowen at hold, suggesting the stock’s valuation may already reflect much of the recent improvement. Article Title
• Neutral Sentiment: J.B. Hunt was also highlighted in market commentary and momentum-stock screens after the earnings beat, but these mentions were secondary to the fundamental catalyst from the quarterly report. Article Title

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.