J.B. Hunt Transport Services, Inc. $JBHT Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp grew its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 13.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,844 shares of the transportation company’s stock after acquiring an additional 441 shares during the quarter. Fifth Third Bancorp’s holdings in J.B. Hunt Transport Services were worth $552,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Gries Financial LLC acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth about $1,830,000. GAMMA Investing LLC lifted its holdings in shares of J.B. Hunt Transport Services by 68.2% during the second quarter. GAMMA Investing LLC now owns 1,601 shares of the transportation company’s stock worth $230,000 after purchasing an additional 649 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 38.6% during the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after purchasing an additional 88 shares during the period. UMB Bank n.a. lifted its holdings in shares of J.B. Hunt Transport Services by 85.9% during the second quarter. UMB Bank n.a. now owns 526 shares of the transportation company’s stock worth $76,000 after purchasing an additional 243 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of J.B. Hunt Transport Services by 222.1% during the second quarter. Assenagon Asset Management S.A. now owns 21,914 shares of the transportation company’s stock worth $3,147,000 after purchasing an additional 15,111 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $134.80 on Tuesday. The stock’s fifty day moving average is $141.83 and its two-hundred day moving average is $141.64. The firm has a market capitalization of $13.05 billion, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted $1.32 EPS. On average, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio is 32.00%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee purchased 1,148 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were acquired at an average price of $140.76 per share, with a total value of $161,592.48. Following the purchase, the executive vice president directly owned 7,397 shares in the company, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David Keefauver sold 989 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares in the company, valued at $143,763.62. This represents a 51.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of research reports. The Goldman Sachs Group set a $164.00 target price on J.B. Hunt Transport Services in a report on Tuesday, July 8th. Truist Financial lifted their price target on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, July 16th. Stifel Nicolaus reduced their price target on J.B. Hunt Transport Services from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, July 16th. Morgan Stanley reduced their price target on J.B. Hunt Transport Services from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Finally, Raymond James Financial lifted their price target on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $163.57.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.