Citizens Financial Group Inc. RI Purchases New Stake in J.B. Hunt Transport Services, Inc. $JBHT

Citizens Financial Group Inc. RI acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,415 shares of the transportation company’s stock, valued at approximately $512,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of J.B. Hunt Transport Services by 74.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after buying an additional 6,668 shares during the period. Goldman Sachs Group Inc. boosted its holdings in J.B. Hunt Transport Services by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock valued at $64,160,000 after acquiring an additional 13,729 shares in the last quarter. Empowered Funds LLC boosted its holdings in J.B. Hunt Transport Services by 27.8% in the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock valued at $262,000 after acquiring an additional 385 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter valued at $539,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in J.B. Hunt Transport Services by 21.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 101 shares during the period. 74.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on JBHT. Evercore reissued an “outperform” rating and issued a $248.00 price target on shares of J.B. Hunt Transport Services in a research note on Monday, May 11th. Truist Financial lifted their price objective on J.B. Hunt Transport Services from $230.00 to $280.00 and gave the company a “hold” rating in a research report on Wednesday. Susquehanna upped their target price on J.B. Hunt Transport Services from $290.00 to $326.00 and gave the stock a “positive” rating in a report on Tuesday. JPMorgan Chase & Co. increased their target price on J.B. Hunt Transport Services from $227.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Finally, Robert W. Baird raised their target price on J.B. Hunt Transport Services from $275.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.22.

J.B. Hunt Transport Services Trading Down 1.6%

NASDAQ JBHT opened at $276.28 on Thursday. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $294.98. The stock has a market cap of $26.05 billion, a P/E ratio of 42.77, a P/E/G ratio of 2.04 and a beta of 1.29. The stock’s fifty day moving average price is $272.26 and its 200-day moving average price is $237.17. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 EPS. As a group, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.32 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is 27.86%.

Key J.B. Hunt Transport Services News

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: Second-quarter EPS came in at $1.91, ahead of the $1.71 consensus, while revenue reached $3.50 billion versus expectations of $3.26 billion, showing better-than-expected demand and pricing. Business Wire earnings release
• Positive Sentiment: Net earnings rose to $181 million from $128.6 million a year ago, and the company said its largest segment posted a 22% revenue increase and 10% volume growth, signaling an improving freight environment. WSJ report
• Positive Sentiment: Several analysts raised price targets ahead of and after the report, including Susquehanna to $326 and Truist to $280, reflecting improved sentiment around JBHT’s earnings power. Analyst updates via Benzinga
• Neutral Sentiment: MarketWatch noted the stock underperformed some transportation peers on Wednesday, suggesting investors may be weighing the strong earnings against broader sector moves and valuation. MarketWatch comparison

Insider Transactions at J.B. Hunt Transport Services

In related news, insider Bradley W. Hicks sold 7,644 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the sale, the insider owned 23,982 shares of the company’s stock, valued at approximately $6,281,125.62. This trade represents a 24.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the completion of the sale, the executive vice president owned 4,604 shares in the company, valued at approximately $1,188,752.80. This represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 18,119 shares of company stock worth $4,736,095. 2.50% of the stock is currently owned by corporate insiders.

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.