Danske Bank A S Takes Position in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Danske Bank acquired 35,212 shares of J.B. Hunt Transport Services during the second quarter, valued at approximately $10.2 million. Institutional investors collectively own 74.95% of the company.
• J.B. Hunt reported quarterly earnings of $1.91 per share, beating estimates by $0.20, while revenue rose 19.4% year over year to $3.50 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $286.30.
• The company paid a quarterly dividend of $0.45 per share, equivalent to $1.80 annually and a 0.7% yield. Two executive vice presidents recently sold shares, while insiders own 2.5% of the stock.

Danske Bank A S bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 35,212 shares of the transportation company's stock, valued at approximately $10,191,000.

A number of other institutional investors and hedge funds have also modified their holdings of JBHT. Elevation Wealth Partners LLC grew its holdings in shares of J.B. Hunt Transport Services by 500.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company's stock valued at $43,000 after acquiring an additional 125 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in J.B. Hunt Transport Services during the fourth quarter valued at $32,000. CIBC Private Wealth Group LLC grew its stake in J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company's stock valued at $37,000 after purchasing an additional 48 shares in the last quarter. Activest Wealth Management grew its stake in J.B. Hunt Transport Services by 19,800.0% in the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company's stock valued at $39,000 after purchasing an additional 198 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Brian Webb sold 1,500 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the sale, the executive vice president owned 15,881 shares in the company, valued at $4,510,362.81. This 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 the firm's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the sale, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. This trade represents a 47.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.50% of the company's stock.

J.B. Hunt Transport Services Trading Up 0.4%

NASDAQ:JBHT opened at $275.45 on Friday. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The company's 50 day moving average is $278.58 and its 200-day moving average is $251.13. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The firm has a market cap of $25.87 billion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 1.72 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.71 by $0.20. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate 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 business's quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on JBHT shares. The Goldman Sachs Group set a $261.00 price target on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Sanford C. Bernstein restated an "outperform" rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Stephens raised their price target on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Wall Street Zen raised shares of J.B. Hunt Transport Services from a "hold" rating to a "buy" rating in a research note on Sunday, June 7th. Finally, Wells Fargo & Company upped their price objective on shares of J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $286.30.

J.B. Hunt Transport Services Company 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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