Junto Capital Management LP Has $123.44 Million Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Junto Capital Management LP boosted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 9.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 426,492 shares of the transportation company’s stock after acquiring an additional 36,149 shares during the quarter. J.B. Hunt Transport Services makes up approximately 2.2% of Junto Capital Management LP’s holdings, making the stock its 10th biggest holding. Junto Capital Management LP’s holdings in J.B. Hunt Transport Services were worth $123,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JBHT. CYBER HORNET ETFs LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth about $31,000. International Assets Investment Management LLC bought a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at approximately $32,000. MUFG Securities EMEA plc bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at approximately $34,000. CIBC Private Wealth Group LLC increased its position in J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in J.B. Hunt Transport Services during the 3rd quarter worth approximately $42,000. Institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JBHT. Citigroup restated a “market perform” rating on shares of J.B. Hunt Transport Services in a research report on Monday, July 20th. Zacks Research upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. increased their price target on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Robert W. Baird raised their price objective on J.B. Hunt Transport Services from $290.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Finally, Stifel Nicolaus boosted their price objective on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services Trading Down 2.5%

JBHT opened at $267.80 on Thursday. 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, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $299.76. The company’s 50 day moving average price is $275.42 and its two-hundred day moving average price is $255.11. The firm has a market capitalization of $25.15 billion, a price-to-earnings ratio of 37.93, a PEG ratio of 2.08 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.20. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.31 earnings per share. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is presently 25.50%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.