J.B. Hunt Transport Services, Inc. $JBHT Shares Purchased by Saudi Central Bank

Saudi Central Bank increased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 88.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,298 shares of the transportation company’s stock after acquiring an additional 2,486 shares during the period. Saudi Central Bank’s holdings in J.B. Hunt Transport Services were worth $1,533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JBHT. CYBER HORNET ETFs LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth about $32,000. MUFG Securities EMEA plc purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at about $34,000. CIBC Private Wealth Group LLC raised its holdings in J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after buying an additional 48 shares during the period. Finally, Advisory Services Network LLC acquired a new position in J.B. Hunt Transport Services in the third quarter valued at about $42,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the subject of several research analyst reports. Truist Financial increased their target price on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. upped their price objective on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Wall Street Zen downgraded shares of J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings lowered J.B. Hunt Transport Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Finally, Citizens Jmp assumed coverage on J.B. Hunt Transport Services in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Stock Up 0.4%

Shares of JBHT opened at $274.78 on Wednesday. The company’s 50-day simple moving average is $275.86 and its 200-day simple moving average is $254.81. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $299.76. The stock has a market capitalization of $25.81 billion, a PE ratio of 38.92, a P/E/G ratio of 2.07 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced 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 during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 earnings per share. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.