Alyeska Investment Group L.P. Invests $54.03 Million in J.B. Hunt Transport Services, Inc. $JBHT

Alyeska Investment Group L.P. acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 186,679 shares of the transportation company's stock, valued at approximately $54,031,000. Alyeska Investment Group L.P. owned about 0.20% of J.B. Hunt Transport Services as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Summitry LLC raised its stake in shares of J.B. Hunt Transport Services by 2.9% in the first quarter. Summitry LLC now owns 1,560 shares of the transportation company's stock worth $331,000 after buying an additional 44 shares during the period. Keybank National Association OH boosted its stake in J.B. Hunt Transport Services by 2.7% in the 1st quarter. Keybank National Association OH now owns 1,765 shares of the transportation company's stock worth $374,000 after purchasing an additional 46 shares during the period. Root Financial Partners LLC grew its stake in J.B. Hunt Transport Services by 25.4% during the fourth quarter. Root Financial Partners LLC now owns 232 shares of the transportation company's stock valued at $45,000 after acquiring an additional 47 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position 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 purchasing an additional 47 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in J.B. Hunt Transport Services by 34.3% during the 4th 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.

Insider Buying and Selling

In other news, EVP Brian Webb sold 1,500 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the sale, the executive vice president owned 15,881 shares of the company's stock, valued at $4,510,362.81. This trade represents a 8.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 transaction, the executive vice president directly owned 790 shares of the company's stock, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is owned by company insiders.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $261.03 on Monday. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $299.76. The company has a market cap of $24.51 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 1.64 and a beta of 1.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The stock's fifty day moving average price is $277.33 and its 200 day moving average price is $252.69.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results 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. The firm had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The firm's revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 earnings per share. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services's dividend payout ratio is currently 25.50%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on JBHT shares. Barclays boosted their price objective on J.B. Hunt Transport Services from $270.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 16th. TD Cowen lifted their price objective on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a "hold" rating in a report on Thursday, July 16th. UBS Group upped their target price on J.B. Hunt Transport Services from $286.00 to $291.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Susquehanna set a $345.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, Wall Street Zen upgraded J.B. Hunt Transport Services from a "hold" rating to a "buy" rating in a report on Sunday, June 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and a consensus target price of $286.30.

J.B. Hunt Transport Services Profile

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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