J.B. Hunt Transport Services, Inc. $JBHT Position Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,311 shares of the transportation company’s stock after purchasing an additional 3,198 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in J.B. Hunt Transport Services were worth $38,830,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth about $1,833,602,000. Jupiter Topco LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $891,349,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $287,581,000. Park Presidio Capital LLC acquired a new stake in J.B. Hunt Transport Services during the second quarter worth about $218,096,000. Finally, Bank of New York Mellon Corp acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth about $187,701,000. Institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on JBHT. JPMorgan Chase & Co. cut their target price on J.B. Hunt Transport Services from $287.00 to $283.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Weiss Ratings cut shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, October 26th. TD Cowen cut their target price on J.B. Hunt Transport Services from $297.00 to $283.00 and set a “hold” rating on the stock in a research report on Monday, October 5th. Citizens Jmp reaffirmed a “market outperform” rating and set a $300.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, October 16th. Finally, Citigroup restated a “market outperform” rating 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 issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $273.76.

J.B. Hunt Transport Services Trading Up 1.1%

NASDAQ JBHT opened at $227.06 on Thursday. The stock’s 50-day moving average is $239.47 and its 200-day moving average is $246.05. J.B. Hunt Transport Services, Inc. has a one year low of $157.82 and a one year high of $299.76. The firm has a market cap of $21.17 billion, a P/E ratio of 31.89, a P/E/G ratio of 1.87 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.23 and a quick ratio of 1.23.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.01. The business 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 revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.76 EPS. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.25 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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 of this dividend is Friday, November 6th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 25.28%.

About J.B. Hunt Transport Services

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.