Federated Hermes Inc. Acquires 25,316 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Posted by Defense World Staff on Aug 15th, 2023

Federated Hermes Inc. increased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) by 5,124.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,810 shares of the transportation company’s stock after acquiring an additional 25,316 shares during the period. Federated Hermes Inc.’s holdings in J.B. Hunt Transport Services were worth $4,529,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ameritas Advisory Services LLC bought a new stake in J.B. Hunt Transport Services during the 1st quarter worth approximately $27,000. Salem Investment Counselors Inc. grew its position in J.B. Hunt Transport Services by 69.1% during the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock worth $33,000 after acquiring an additional 85 shares during the last quarter. Stonebridge Capital Advisors LLC grew its position in J.B. Hunt Transport Services by 57.6% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 238 shares of the transportation company’s stock worth $48,000 after acquiring an additional 87 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in J.B. Hunt Transport Services during the 4th quarter worth $42,000. Finally, Parkside Financial Bank & Trust lifted its holdings in J.B. Hunt Transport Services by 79.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 273 shares of the transportation company’s stock worth $55,000 after buying an additional 121 shares in the last quarter. 73.22% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $202.34 on Tuesday. The stock has a 50-day moving average price of $187.31 and a two-hundred day moving average price of $181.09. The stock has a market cap of $20.91 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.76 and a beta of 1.15. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a 1 year low of $156.28 and a 1 year high of $209.21.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last released its earnings results on Tuesday, July 18th. The transportation company reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.09). The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 23.06% and a net margin of 6.19%. J.B. Hunt Transport Services’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same quarter last year, the company posted $2.42 EPS. Equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.72 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, August 3rd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 20.51%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. raised J.B. Hunt Transport Services from a “neutral” rating to an “overweight” rating and set a $204.00 price objective on the stock in a report on Thursday, May 11th. Bank of America reduced their price objective on J.B. Hunt Transport Services from $197.00 to $194.00 and set a “buy” rating on the stock in a report on Tuesday, April 18th. Stephens upped their price objective on J.B. Hunt Transport Services from $196.00 to $203.00 in a report on Wednesday, July 19th. Barclays upped their price objective on J.B. Hunt Transport Services from $200.00 to $210.00 in a report on Tuesday, July 18th. Finally, Susquehanna cut their price target on J.B. Hunt Transport Services from $195.00 to $193.00 in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $195.30.

Check Out Our Latest Analysis on J.B. Hunt Transport Services

Insiders Place Their Bets

In other news, EVP David Keefauver sold 488 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $205.25, for a total value of $100,162.00. Following the completion of the transaction, the executive vice president now owns 699 shares in the company, valued at approximately $143,469.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP David Keefauver sold 488 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $205.25, for a total transaction of $100,162.00. Following the completion of the transaction, the executive vice president now owns 699 shares in the company, valued at $143,469.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren P. Field sold 2,500 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $204.35, for a total value of $510,875.00. Following the transaction, the executive vice president now owns 11,810 shares of the company’s stock, valued at approximately $2,413,373.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,102 shares of company stock worth $2,208,254. Corporate insiders own 3.10% of the company’s stock.

About J.B. Hunt Transport Services

(Free Report)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.