Prudential Financial Inc. Has $6.62 Million Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Prudential Financial Inc. lifted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,086 shares of the transportation company’s stock after acquiring an additional 3,094 shares during the period. Prudential Financial Inc.’s holdings in J.B. Hunt Transport Services were worth $6,618,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in J.B. Hunt Transport Services by 3.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 618,482 shares of the transportation company’s stock valued at $88,814,000 after purchasing an additional 21,970 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 23.8% in the second quarter. American Century Companies Inc. now owns 208,655 shares of the transportation company’s stock valued at $29,963,000 after purchasing an additional 40,131 shares in the last quarter. Rhumbline Advisers boosted its position in shares of J.B. Hunt Transport Services by 3.6% during the second quarter. Rhumbline Advisers now owns 172,484 shares of the transportation company’s stock valued at $24,769,000 after buying an additional 5,942 shares during the last quarter. Mufg Securities Americas Inc. boosted its position in shares of J.B. Hunt Transport Services by 23.5% during the second quarter. Mufg Securities Americas Inc. now owns 1,737 shares of the transportation company’s stock valued at $249,000 after buying an additional 331 shares during the last quarter. Finally, MAI Capital Management grew its holdings in J.B. Hunt Transport Services by 14.6% during the second quarter. MAI Capital Management now owns 21,406 shares of the transportation company’s stock worth $3,074,000 after buying an additional 2,730 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 6,500 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $169.00, for a total value of $1,098,500.00. Following the sale, the executive vice president directly owned 12,976 shares in the company, valued at $2,192,944. The trade was a 33.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JBHT. BMO Capital Markets lifted their price objective on shares of J.B. Hunt Transport Services from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Evercore ISI raised their price target on shares of J.B. Hunt Transport Services from $155.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Sanford C. Bernstein set a $172.00 price target on shares of J.B. Hunt Transport Services in a report on Thursday, October 16th. Truist Financial increased their price objective on shares of J.B. Hunt Transport Services from $145.00 to $155.00 and gave the company a “hold” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of J.B. Hunt Transport Services in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.30.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $173.95 on Friday. The company has a market capitalization of $16.56 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.33 and a beta of 1.27. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $192.42. The company has a 50-day simple moving average of $156.46 and a 200 day simple moving average of $148.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the firm earned $1.49 EPS. The company’s revenue was down .5% compared to the same quarter last year. On average, research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 22nd that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 30.50%.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.