Hsbc Holdings PLC Makes New $44.64 Million Investment in J.B. Hunt Transport Services, Inc. $JBHT

Hsbc Holdings PLC acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 154,254 shares of the transportation company’s stock, valued at approximately $44,637,000. Hsbc Holdings PLC owned 0.16% of J.B. Hunt Transport Services as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of JBHT. Primecap Management Co. CA bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $149,841,000. Canada Pension Plan Investment Board bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at $23,033,000. Castleark Management LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at about $16,359,000. Legal & General Group Plc acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at about $100,903,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of J.B. Hunt Transport Services during the second quarter worth about $42,942,000. 74.95% of the stock is owned by institutional investors and hedge funds.

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

In related news, EVP David Keefauver sold 703 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president directly owned 790 shares of the company’s stock, valued at approximately $225,252.70. The trade was a 47.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, the executive vice president owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

JBHT has been the topic of several recent research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Truist Financial boosted their price objective on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Wells Fargo & Company increased their price objective on J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Raymond James Financial raised their target price on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Finally, Evercore reiterated an “outperform” rating and set a $248.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $263.64 on Thursday. The company has a market capitalization of $24.76 billion, a PE ratio of 37.34, a PEG ratio of 1.65 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average price is $277.69 and its 200-day moving average price is $252.19. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.J.B. Hunt Transport Services’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the business posted $1.31 earnings per share. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is 25.50%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.