Durable Capital Partners LP recently announced the acquisition of new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT). The institutional investor has increased its shareholding in the Industrials company by 3.76% to 2.76 million shares with purchase of 0.1 million shares. This fresh investment now brings its stake to 2.68% valued currently at $551.74 million. In addition, Geode Capital Management LLC raised its holdings by 14100.0 to 1.86 million shares.
With over 0.5 million J.B. Hunt Transport Services, Inc. (JBHT) shares trading Friday and a closing price of $192.08 on the day, the dollar volume was approximately $95.09 million. The shares have shown a positive half year performance of 4.79% and its price on 01/12/24 gained nearly 0.51%. Currently, there are 103.74M common shares owned by the public and among those 81.56M shares have been available to trade.
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Insiders at the company have transacted a total of 169 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 81 of these insider trades were purchases, accounting for 191,865 shares. Insider sales of the common stock occurred on 88 occasions, with total insider shares sold totaling 107,310 shares.
The top 3 mutual fund holders in J.B. Hunt Transport Services, Inc. are Vanguard Total Stock Market ETF, T Rowe Price Mid Cap Growth Fund, and Janus Henderson Enterprise Fund. Vanguard Total Stock Market ETF owns 2.59 million shares of the company’s stock, all valued at over $517.34 million. The company bought an additional 3214.0 shares recently to bring their total holdings to about 2.51% of the shares outstanding. T Rowe Price Mid Cap Growth Fund sold 11400.0 shares to see its total holdings shrink to 2.59 million shares valued at over $516.91 million and representing 2.51% of the shares outstanding. Janus Henderson Enterprise Fund sold 7211.0 shares to bring its total holdings to over 2.13 million shares at a value of $424.97 million. Janus Henderson Enterprise Fund now owns shares totaling to 2.06% of the shares outstanding.
Shares of J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) opened at $192.04, up $0.93 from a prior closing price of $191.11. However, the script later moved the day high at 192.99, up 0.51%. The company’s stock has a 5-day price change of 1.11% and -0.41% over the past three months. JBHT shares are trading -3.83% year to date (YTD), with the 12-month market performance up to 6.31% higher. It has a 12-month low price of $163.66 and touched a high of $209.21 over the same period. JBHT has an average intraday trading volume of 752.56K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.48%, 2.59%, and 4.47% respectively.
Institutional ownership of J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) shares accounts for 76.84% of the company’s 103.74M shares outstanding. Mutual fund holders own 48.82%, while other institutional holders and individual stakeholders account for 58.42% and 28.89% respectively.
It has a market capitalization of $19.81B and a beta (3y monthly) value of 1.12. The stock’s trailing 12-month PE ratio is 25.89, while the earnings-per-share (ttm) stands at $7.42. The company has a PEG of 5.75 and a Quick Ratio of 1.11 with the debt-to-equity ratio at 0.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.74% over the week and 2.14% over the month.
Analysts forecast that J.B. Hunt Transport Services, Inc. (JBHT) will achieve an EPS of $1.76 for the current quarter, $1.67 for the next quarter and $8.09 for 2024. The lowest estimate earnings-per-share for the quarter is $1.62 while analysts give the company a high EPS estimate of $1.94. Comparatively, EPS for the current quarter was $1.92 a year ago. Earnings per share for the fiscal year are expected to decrease by -21.45%, and 10.84% over the next financial year. EPS should shrink at an annualized rate of 4.50% over the next five years, compared to 8.30% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 26 brokerage firm advisors rate J.B. Hunt Transport Services, Inc. (JBHT) as a “Strong Buy” at a consensus score of 1.96. Specifically, 13 Wall Street analysts polled rate the stock as a buy, while 8 of the 26 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the JBHT, a number of firms have released research notes about the stock. BMO Capital Markets stated their Outperform rating for the stock in a research note on December 11, 2023, with the firm’s price target at $200-$220.
