Fulcrum Asset Management LLP Sells 10,850 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Fulcrum Asset Management LLP lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 73.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,000 shares of the transportation company’s stock after selling 10,850 shares during the period. Fulcrum Asset Management LLP’s holdings in J.B. Hunt Transport Services were worth $917,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of J.B. Hunt Transport Services by 81.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,779 shares of the transportation company’s stock valued at $1,313,000 after purchasing an additional 2,586 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in J.B. Hunt Transport Services in the third quarter worth approximately $2,244,000. Candriam S.C.A. grew its position in J.B. Hunt Transport Services by 0.6% in the third quarter. Candriam S.C.A. now owns 15,303 shares of the transportation company’s stock worth $3,441,000 after buying an additional 94 shares during the last quarter. StoneX Group Inc. bought a new position in shares of J.B. Hunt Transport Services in the third quarter valued at $213,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of J.B. Hunt Transport Services by 7.5% during the 3rd quarter. Pictet Asset Management Holding SA now owns 52,927 shares of the transportation company’s stock valued at $11,858,000 after acquiring an additional 3,694 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JBHT has been the topic of a number of recent research reports. BMO Capital Markets set a $315.00 target price on J.B. Hunt Transport Services in a report on Wednesday, October 7th. Weiss Ratings downgraded J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, October 26th. Zacks Research lowered J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Barclays dropped 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 note on Wednesday, September 16th. Finally, Citigroup restated a “market outperform” rating on shares of J.B. Hunt Transport Services in a report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $273.76.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $227.66 on Friday. The stock has a market cap of $21.22 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 1.98 and a beta of 1.26. The business has a fifty day simple moving average of $234.91 and a 200-day simple moving average of $246.56. 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, Inc. has a 12 month low of $157.82 and a 12 month high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly 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 firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.59 billion. J.B. Hunt Transport Services had a return on equity of 18.72% and a net margin of 5.07%. J.B. Hunt Transport Services’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.76 earnings per share. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.25 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 6th. J.B. Hunt Transport Services’s payout ratio is 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.