J.B. Hunt Transport Services, Inc. $JBHT Shares Acquired by Narwhal Capital Management

Narwhal Capital Management boosted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 428.2% in the third quarter, HoldingsChannel.com reports. The firm owned 11,155 shares of the transportation company’s stock after buying an additional 9,043 shares during the quarter. Narwhal Capital Management’s holdings in J.B. Hunt Transport Services were worth $2,499,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBHT. M&G PLC purchased a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at $13,658,000. AlphaCore Capital LLC lifted its position in J.B. Hunt Transport Services by 2.0% in the third quarter. AlphaCore Capital LLC now owns 3,945 shares of the transportation company’s stock valued at $884,000 after acquiring an additional 77 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in J.B. Hunt Transport Services by 81.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,779 shares of the transportation company’s stock valued at $1,313,000 after acquiring an additional 2,586 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in J.B. Hunt Transport Services in the third quarter valued at $2,244,000. Finally, Candriam S.C.A. boosted its stake in J.B. Hunt Transport Services by 0.6% in the third quarter. Candriam S.C.A. now owns 15,303 shares of the transportation company’s stock valued at $3,441,000 after acquiring an additional 94 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on JBHT. Raymond James Financial set a $283.00 target price on J.B. Hunt Transport Services in a research report on Friday, October 16th. Stephens decreased their target price on J.B. Hunt Transport Services from $330.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. TD Cowen decreased their target price on J.B. Hunt Transport Services from $297.00 to $283.00 and set a “hold” rating for the company in a research report on Monday, October 5th. Stifel Nicolaus dropped their price target on J.B. Hunt Transport Services from $292.00 to $289.00 and set a “hold” rating on the stock in a research note on Thursday, October 8th. Finally, Sanford C. Bernstein cut their price target on J.B. Hunt Transport Services from $329.00 to $307.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $273.76.

J.B. Hunt Transport Services Trading Up 0.9%

Shares of J.B. Hunt Transport Services stock opened at $226.27 on Wednesday. J.B. Hunt Transport Services, Inc. has a 52-week low of $157.82 and a 52-week high of $299.76. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.31. The company’s 50-day simple moving average is $236.14 and its 200-day simple moving average is $246.35. The firm has a market cap of $21.09 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 1.95 and a beta of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.81 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.59 billion. J.B. Hunt Transport Services had a return on equity of 18.72% and a net margin of 5.07%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm earned $1.76 EPS. As a group, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.25 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, November 6th. J.B. Hunt Transport Services’s payout ratio is presently 25.28%.

About J.B. Hunt Transport Services

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.