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

Artemis Investment Management LLP lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 16.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 652,695 shares of the transportation company’s stock after selling 132,237 shares during the quarter. J.B. Hunt Transport Services makes up about 1.1% of Artemis Investment Management LLP’s holdings, making the stock its 22nd biggest position. Artemis Investment Management LLP owned 0.69% of J.B. Hunt Transport Services worth $146,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Elevation Wealth Partners LLC boosted its stake in J.B. Hunt Transport Services by 500.0% in the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 125 shares in the last quarter. Basecamp Wealth Advisors LLC boosted its position in shares of J.B. Hunt Transport Services by 250.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 155 shares during the period. Manchester Capital Management LLC boosted its position in shares of J.B. Hunt Transport Services by 378.1% in the 4th quarter. Manchester Capital Management LLC now owns 349 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 276 shares during the period. Parkside Financial Bank & Trust grew its stake in J.B. Hunt Transport Services by 17.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock worth $72,000 after buying an additional 38 shares during the last quarter. Finally, Westpac Banking Corp acquired a new position in J.B. Hunt Transport Services during the first quarter worth approximately $102,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock traded up $3.25 during trading hours on Thursday, hitting $225.89. 522,052 shares of the company were exchanged, compared to its average volume of 1,011,343. J.B. Hunt Transport Services, Inc. has a 1 year low of $136.46 and a 1 year high of $299.76. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average of $257.30 and a 200-day moving average of $258.19. The stock has a market capitalization of $21.22 billion, a price-to-earnings ratio of 31.96, a P/E/G ratio of 1.81 and a beta of 1.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm posted $1.31 EPS. As a group, analysts expect that J.B. Hunt Transport Services, Inc. will post 7.58 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. J.B. Hunt Transport Services’s payout ratio is presently 25.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JBHT. Stifel Nicolaus set a $289.00 price objective on J.B. Hunt Transport Services in a research note on Thursday. 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. Morgan Stanley reiterated an “underweight” rating and set a $200.00 price target (up from $190.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 6th. Barclays lowered 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, Robert W. Baird dropped their price objective on shares of J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.