Park Presidio Capital LLC Purchases Shares of 753,536 J.B. Hunt Transport Services, Inc. $JBHT

by · The Markets Daily

Park Presidio Capital LLC acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 753,536 shares of the transportation company’s stock, valued at approximately $218,096,000. J.B. Hunt Transport Services comprises approximately 12.3% of Park Presidio Capital LLC’s portfolio, making the stock its biggest holding. Park Presidio Capital LLC owned 0.80% of J.B. Hunt Transport Services as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of J.B. Hunt Transport Services in the second quarter valued at $1,833,602,000. AQR Capital Management LLC raised its stake in J.B. Hunt Transport Services by 411.5% during the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after purchasing an additional 1,447,993 shares in the last quarter. Norges Bank purchased a new stake in J.B. Hunt Transport Services during the fourth quarter valued at $200,587,000. Bessemer Group Inc. lifted its position in J.B. Hunt Transport Services by 75,567.4% during the fourth quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock valued at $195,580,000 after purchasing an additional 1,005,047 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in J.B. Hunt Transport Services during the second quarter valued at $287,581,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $259.88 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The company has a market capitalization of $24.41 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 1.73 and a beta of 1.30. The firm’s 50-day moving average is $278.11 and its 200 day moving average is $251.68.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the firm earned $1.31 earnings per share. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on JBHT shares. Evercore restated an “outperform” rating and issued a $248.00 target price on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Benchmark increased their price target on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, June 26th. Morgan Stanley reiterated an “underweight” rating and issued a $200.00 price target (up from $190.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 6th. Finally, Citigroup reissued a “market perform” rating on shares of J.B. Hunt Transport Services in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

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

Insiders Place Their Bets

In other news, EVP David Keefauver sold 703 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brian Webb sold 1,500 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the transaction, the executive vice president owned 15,881 shares in the company, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.50% of the stock is owned by insiders.

J.B. Hunt Transport Services Profile

(Free Report)

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.

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