Healthcare of Ontario Pension Plan Trust Fund Acquires 1,925 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Posted by Defense World Staff on Mar 2nd, 2023

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) by 279.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,614 shares of the transportation company’s stock after buying an additional 1,925 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in J.B. Hunt Transport Services were worth $409,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Texas Permanent School Fund grew its stake in shares of J.B. Hunt Transport Services by 6.1% during the third quarter. Texas Permanent School Fund now owns 11,751 shares of the transportation company’s stock valued at $1,838,000 after buying an additional 680 shares during the last quarter. Raymond James Trust N.A. grew its stake in J.B. Hunt Transport Services by 180.1% in the third quarter. Raymond James Trust N.A. now owns 6,304 shares of the transportation company’s stock worth $986,000 after purchasing an additional 4,053 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in J.B. Hunt Transport Services by 14.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 23,763 shares of the transportation company’s stock worth $3,901,000 after purchasing an additional 2,964 shares in the last quarter. Lazard Asset Management LLC grew its stake in J.B. Hunt Transport Services by 29.4% in the second quarter. Lazard Asset Management LLC now owns 260,943 shares of the transportation company’s stock worth $41,090,000 after purchasing an additional 59,321 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. bought a new position in J.B. Hunt Transport Services in the second quarter worth approximately $331,000. Institutional investors own 74.93% of the company’s stock.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Alfred C. Harper sold 5,300 shares of the stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $190.33, for a total transaction of $1,008,749.00. Following the sale, the executive vice president now directly owns 32,556 shares of the company’s stock, valued at approximately $6,196,383.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $182.15 on Thursday. The firm has a market capitalization of $18.90 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.32 and a beta of 1.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.43. The business has a fifty day moving average of $184.53 and a 200 day moving average of $178.02. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.92 and a 1 year high of $218.18.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last issued its earnings results on Wednesday, January 18th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.53). The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.79 billion. J.B. Hunt Transport Services had a return on equity of 28.20% and a net margin of 6.54%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $2.28 EPS. As a group, research analysts expect that J.B. Hunt Transport Services, Inc. will post 9.31 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Friday, February 10th were given a dividend of $0.42 per share. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, February 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 18.26%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Loop Capital dropped their price objective on J.B. Hunt Transport Services from $191.00 to $173.00 in a research note on Friday, January 20th. Barclays increased their target price on J.B. Hunt Transport Services from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, January 19th. UBS Group increased their target price on J.B. Hunt Transport Services from $155.00 to $162.00 in a research report on Thursday, January 19th. Raymond James increased their target price on J.B. Hunt Transport Services from $195.00 to $203.00 and gave the company an “outperform” rating in a research report on Thursday, January 19th. Finally, Cowen dropped their target price on J.B. Hunt Transport Services from $196.00 to $193.00 and set a “market perform” rating on the stock in a research report on Thursday, January 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $196.39.

J.B. Hunt Transport Services Company Profile

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J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.