Mirae Asset Global Investments Co. Ltd. Makes New $4.68 Million Investment in J.B. Hunt Transport Services, Inc. $JBHT

Mirae Asset Global Investments Co. Ltd. purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,870 shares of the transportation company’s stock, valued at approximately $4,676,000.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of J.B. Hunt Transport Services in the second quarter worth about $1,833,602,000. Janus Henderson Group PLC boosted its position in J.B. Hunt Transport Services by 1.1% in the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock valued at $843,937,000 after buying an additional 41,887 shares during the last quarter. Jupiter Topco LLC acquired a new position in J.B. Hunt Transport Services in the 2nd quarter worth approximately $891,349,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in J.B. Hunt Transport Services by 64.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,056,398 shares of the transportation company’s stock worth $305,753,000 after buying an additional 414,837 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in J.B. Hunt Transport Services in the 2nd quarter worth approximately $287,581,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Bank of America reduced their price target on shares of J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating for the company in a research report on Wednesday, September 16th. 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 report on Thursday, September 17th. Wells Fargo & Company cut their price objective on shares of J.B. Hunt Transport Services from $305.00 to $285.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Raymond James Financial set a $283.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, October 16th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $252.00 target price on shares of J.B. Hunt Transport Services in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average target price of $273.76.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $218.99 on Friday. The firm has a market cap of $20.41 billion, a PE ratio of 30.76, a P/E/G ratio of 1.89 and a beta of 1.26. J.B. Hunt Transport Services, Inc. has a twelve month low of $157.82 and a twelve month high of $299.76. The business has a 50-day moving average price of $238.57 and a 200 day moving average price of $246.12. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results 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. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate 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 business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 earnings per share. Sell-side analysts predict 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be issued a $0.45 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.28%.

J.B. Hunt Transport Services 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 his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

The company’s principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.