Korea Investment CORP Takes Position in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Korea Investment Corp. purchased 74,305 J.B. Hunt shares in the second quarter, valued at approximately $21.5 million, giving it about 0.08% ownership. Institutional investors collectively hold 74.95% of the company.
• J.B. Hunt exceeded quarterly expectations, reporting $1.91 EPS and $3.50 billion in revenue, while revenue increased 19.4% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $286.30.
• The company declared a quarterly dividend of $0.45 per share, equivalent to a $1.80 annualized payout and a 0.7% yield. Two executive vice presidents also sold shares in June, while insiders retain 2.5% ownership.

Korea Investment CORP purchased a new stake 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 and Exchange Commission (SEC). The firm purchased 74,305 shares of the transportation company's stock, valued at approximately $21,506,000. Korea Investment CORP owned about 0.08% 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 have also recently modified their holdings of JBHT. Elevation Wealth Partners LLC grew its position in J.B. Hunt Transport Services by 500.0% in the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company's stock worth $43,000 after acquiring an additional 125 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth about $32,000. CIBC Private Wealth Group LLC boosted its stake in 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 worth $37,000 after buying an additional 48 shares during the period. Activest Wealth Management lifted its holdings in shares of J.B. Hunt Transport Services by 19,800.0% in the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company's stock worth $39,000 after acquiring an additional 198 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $275.45 on Monday. The stock's 50-day simple moving average is $278.58 and its 200-day simple moving average is $251.41. The firm has a market capitalization of $25.87 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $299.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.20. The firm 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 firm's quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior 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 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

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

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP Brian Webb sold 1,500 shares of the company's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the transaction, the executive vice president owned 15,881 shares in the company, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the sale, the executive vice president owned 790 shares in the company, valued at $225,252.70. This represents a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JBHT. Citizens Jmp initiated coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, July 15th. They issued a "market perform" rating for the company. Stifel Nicolaus boosted their price target on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a "hold" rating in a report on Monday, July 13th. Stephens increased their price objective on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Barclays raised their price objective on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an "equal weight" rating in a report on Thursday, July 16th. Finally, Benchmark lifted their price objective on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently 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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