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13. J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Number of Hedge Fund Holders In Q3 2024: 39

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is a large logistics company headquartered in Lowell, Arkansas. Its shares closed 2024 13.9% lower as an economic slowdown impacted its business. These struggles have resulted primarily from weakened consumer spending which has impacted volumes shipped by J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) and led to higher operating costs. The downward slump continued in January after the firm’s stock dipped by 7% after the firm’s Q4 profit per share of $1.53 missed analyst estimates of $1.61. Cramer started his remarks by quoting the pessimism during J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)’s latest earnings call:

“I mean, this is the trucker depression. The first quarter is going to be terrible. This is a great company. . . But there was not a single line that I was happy with. And I felt so bad. These guys are really, it’s very earnest. They’re all been there for a very long time. It’s a terrific company. But even intermodal wasn’t that good. If you read that you’d say we need a rate cut. That’s what Jay Powell should read that now so it feels really good today.”