Vanguard Boosts JB Hunt Stake to 19.9% as of Dec 29, 2023

TL;DR

**Vanguard still owns a huge chunk of JB Hunt, holding 19.9% of shares as of year-end!**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in JB Hunt Transport Services Inc. As of December 29, 2023, Vanguard beneficially owned 20,410,028 shares of Common Stock, representing 19.9% of the company. This filing indicates Vanguard's continued significant stake in JB Hunt, which is important for investors as large institutional holdings can influence stock stability and future corporate decisions.

Why It Matters

This filing shows that a major institutional investor, Vanguard, maintains a substantial ownership in JB Hunt, signaling their long-term confidence in the company. For investors, this can indicate stability and potentially influence the stock's perception in the market.

Risk Assessment

Risk Level: low — The filing indicates a stable, large institutional ownership, which generally reduces volatility and risk for the stock.

Analyst Insight

Investors should note Vanguard's continued large stake, which suggests institutional confidence in JB Hunt. This could be a positive signal for long-term holders, but doesn't necessarily indicate immediate price movement.

Key Numbers

• 20,410,028 — shares beneficially owned (The total number of Common Stock shares of JB Hunt Transport Services Inc. held by The Vanguard Group.)
• 19.9% — percentage of class (The percentage of JB Hunt Transport Services Inc.'s Common Stock beneficially owned by The Vanguard Group.)
• 445658107 — CUSIP Number (Unique identification number for JB Hunt Transport Services Inc.'s Common Stock.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• JB Hunt Transport Services Inc (company) — subject company whose securities are being reported
• Pennsylvania (company) — place of organization for The Vanguard Group
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• Vanguard will maintain a significant stake in JB Hunt, likely above 15%, for the next 12 months. (The Vanguard Group) — high confidence, target: 2025-02-13

FAQ

Filing Documents

• tv01248-jbhunttransportservi.htm (SC 13G/A) — 11KB
• 0001104659-24-021254.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: JB Hunt Transport Services Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 615 J.B. Hunt Corporate Drive Lowell, AR 72745-0130

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 445658107

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration