35,561 Shares in J.B. Hunt Transport Services, Inc. $JBHT Purchased by Nykredit A S

Key Points

• Nykredit A S acquired 35,561 shares of J.B. Hunt Transport Services during the second quarter, valued at approximately $10.3 million. Institutional investors collectively own 74.95% of the company.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $286.30; recent targets range as high as $315.
• J.B. Hunt exceeded quarterly expectations, reporting $1.91 in EPS and $3.50 billion in revenue, with revenue rising 19.4% year over year. The company also pays a quarterly dividend of $0.45 per share, yielding about 0.7%.

Nykredit A S acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,561 shares of the transportation company's stock, valued at approximately $10,292,000.

A number of other hedge funds also recently bought and sold shares of the company. Summitry LLC raised its holdings in shares of J.B. Hunt Transport Services by 2.9% during the first quarter. Summitry LLC now owns 1,560 shares of the transportation company's stock valued at $331,000 after acquiring an additional 44 shares during the period. Keybank National Association OH boosted its position in shares of J.B. Hunt Transport Services by 2.7% in the first quarter. Keybank National Association OH now owns 1,765 shares of the transportation company's stock worth $374,000 after buying an additional 46 shares during the period. Root Financial Partners LLC boosted its position in shares of J.B. Hunt Transport Services by 25.4% in the fourth quarter. Root Financial Partners LLC now owns 232 shares of the transportation company's stock worth $45,000 after buying an additional 47 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of J.B. Hunt Transport Services by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company's stock valued at $1,827,000 after buying an additional 47 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company's stock valued at $37,000 after buying an additional 48 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JBHT shares. Citizens Jmp assumed coverage on J.B. Hunt Transport Services in a research note on Wednesday, July 15th. They issued a "market perform" rating for the company. Barclays lifted their target price on J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an "equal weight" rating in a research note on Thursday, July 16th. TD Cowen increased their price target on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a "hold" rating in a research report on Thursday, July 16th. Raymond James Financial raised their price target on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, July 16th. Finally, Truist Financial boosted their price objective on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a "hold" rating in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $286.30.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $273.77 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76. The business's 50-day moving average price is $276.44 and its two-hundred day moving average price is $253.87. The company has a market capitalization of $25.71 billion, a P/E ratio of 38.78, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The business's quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the business earned $1.31 EPS. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

About J.B. Hunt Transport Services

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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