J.B. Hunt Transport Services, Inc. $JBHT Stock Sold by Artemis Investment Management LLP

Artemis Investment Management LLP reduced its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 16.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 652,695 shares of the transportation company’s stock after selling 132,237 shares during the quarter. J.B. Hunt Transport Services comprises 1.1% of Artemis Investment Management LLP’s investment portfolio, making the stock its 22nd biggest holding. Artemis Investment Management LLP’s holdings in J.B. Hunt Transport Services were worth $146,236,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of JBHT. BlackRock Inc. acquired a new stake in J.B. Hunt Transport Services in the second quarter valued at $1,833,602,000. Jupiter Topco LLC acquired a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth $891,349,000. Janus Henderson Group PLC grew its stake in shares of J.B. Hunt Transport Services by 1.1% during the 1st 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of J.B. Hunt Transport Services by 64.7% in the 2nd 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 valued at $305,753,000 after purchasing an additional 414,837 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $287,581,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded up $3.25 on Thursday, hitting $225.89. The company’s stock had a trading volume of 522,052 shares, compared to its average volume of 1,011,343. The stock has a 50 day moving average of $257.30 and a 200-day moving average of $258.19. The company has a market capitalization of $21.22 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31. J.B. Hunt Transport Services, Inc. has a 12-month low of $136.46 and a 12-month high of $299.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $3.26 billion. During the same period in the previous year, the firm posted $1.31 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.58 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

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 0.8%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.50%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barclays decreased 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 report on Wednesday, September 16th. Wells Fargo & Company reduced their price target on shares of J.B. Hunt Transport Services from $335.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday, September 16th. Wall Street Zen lowered J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. JPMorgan Chase & Co. lowered their price target on J.B. Hunt Transport Services from $313.00 to $287.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Susquehanna dropped their price objective on J.B. Hunt Transport Services from $345.00 to $305.00 and set a “positive” rating for the company in a research note on Friday, October 2nd. One research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $277.00.

Trending Headlines about J.B. Hunt Transport Services

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

• Positive Sentiment: Wall Street expects J.B. Hunt to report year-over-year earnings growth when it announces quarterly results next week, providing a potential near-term catalyst if results or guidance exceed expectations. JB Hunt Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: J.B. Hunt is projected to report quarterly earnings on Thursday, making the forthcoming results, outlook, and freight-demand commentary the main focus for investors. J.B. Hunt Projected to Announce Quarterly Earnings
• Negative Sentiment: Zacks said J.B. Hunt does not currently have the combination of estimate revisions and earnings-surprise indicators typically associated with a likely earnings beat, raising the risk of a muted or disappointing report. Zacks Earnings Expectations
• Negative Sentiment: Citigroup lowered its price target to $254 from $309 and retained a neutral rating, citing concerns ahead of earnings and a freight recovery that remains largely supply-driven. BMO also reduced its target to $315 from $320, signaling less upside conviction despite targets remaining above the recent trading level. Citigroup Adjusts Price Target BMO Adjusts Price Target
• Negative Sentiment: Rosen Law Firm and Pomerantz LLP are investigating potential securities claims alleging that J.B. Hunt may have issued materially misleading business information. These announcements do not establish wrongdoing, but they add legal and reputational risk. Rosen Law Firm Investigation Pomerantz Investigation

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and Johnelle Hunt, the company has grown from a small trucking operation into a major provider of freight transportation and supply-chain services across North America.

The company’s primary business activities include intermodal transportation, which combines rail and truck services; dedicated contract services, which provides customized fleet and delivery operations for individual customers; and integrated capacity solutions, including freight brokerage and third-party logistics.