J.B. Hunt Transport Services, Inc. $JBHT Stock Position Lifted by Lido Advisors LLC

Lido Advisors LLC increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 138,293 shares of the transportation company’s stock after purchasing an additional 8,695 shares during the quarter. Lido Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $30,985,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in JBHT. Keybank National Association OH grew its position in shares of J.B. Hunt Transport Services by 19.3% during the 3rd quarter. Keybank National Association OH now owns 2,696 shares of the transportation company’s stock worth $604,000 after buying an additional 437 shares during the period. Narwhal Capital Management raised its stake in shares of J.B. Hunt Transport Services by 428.2% during the third quarter. Narwhal Capital Management now owns 11,155 shares of the transportation company’s stock worth $2,499,000 after buying an additional 9,043 shares during the last quarter. M&G PLC bought a new stake in shares of J.B. Hunt Transport Services during the third quarter worth approximately $13,658,000. AlphaCore Capital LLC lifted its holdings 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 buying an additional 77 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings 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 buying an additional 2,586 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.9%

NASDAQ JBHT opened at $226.27 on Wednesday. The firm has a market cap of $21.09 billion, a P/E ratio of 31.78, a P/E/G ratio of 1.95 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s 50-day moving average is $236.14 and its 200-day moving average is $246.35. J.B. Hunt Transport Services, Inc. has a one year low of $157.82 and a one year high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, October 15th. The transportation company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.01. J.B. Hunt Transport Services had a return on equity of 18.72% and a net margin of 5.07%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the business posted $1.76 EPS. J.B. Hunt Transport Services’s revenue for the quarter was up 20.4% on a year-over-year basis. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.25 earnings per share for the current fiscal 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 issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, November 6th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.28%.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “underweight” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, October 16th. JPMorgan Chase & Co. cut their price target on J.B. Hunt Transport Services from $287.00 to $283.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $252.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, October 19th. Barclays reduced their price target on 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, Zacks Research cut J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $273.76.

J.B. Hunt Transport Services Profile

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.