M&G PLC Acquires New Stake in J.B. Hunt Transport Services, Inc. $JBHT

M&G PLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 60,974 shares of the transportation company’s stock, valued at approximately $13,658,000. M&G PLC owned approximately 0.07% of J.B. Hunt Transport Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JBHT. Reyes Financial Architecture Inc. acquired a new position in J.B. Hunt Transport Services during the third quarter valued at $26,000. Elevation Wealth Partners LLC lifted its stake in J.B. Hunt Transport Services by 500.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock worth $43,000 after acquiring an additional 125 shares in the last quarter. Basecamp Wealth Advisors LLC boosted its position in J.B. Hunt Transport Services by 250.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock worth $46,000 after acquiring an additional 155 shares during the period. Sawyer & Company Inc acquired a new stake in J.B. Hunt Transport Services during the 3rd quarter worth about $67,000. Finally, 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 valued at $72,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JBHT. Truist Financial dropped their target price on J.B. Hunt Transport Services from $295.00 to $235.00 and set a “hold” rating on the stock in a report on Wednesday, October 7th. Morgan Stanley restated an “underweight” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, October 16th. William Blair set a $300.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, October 16th. Citigroup reaffirmed a “market outperform” rating on shares of J.B. Hunt Transport Services in a research report on Friday, October 16th. Finally, Raymond James Financial set a $283.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, October 16th. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $273.76.

J.B. Hunt Transport Services Stock Up 0.9%

JBHT opened at $226.27 on Wednesday. The business has a 50 day moving average price of $236.14 and a 200 day moving average price of $246.35. J.B. Hunt Transport Services, Inc. has a twelve month low of $157.82 and a twelve month high of $299.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $21.09 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 1.95 and a beta of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 EPS 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 company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the company posted $1.76 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.25 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be paid 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 Company 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.