Nykredit A S Invests $8.41 Million in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Nykredit A/S acquired 29,059 shares of J.B. Hunt Transport Services during the second quarter, representing an investment of approximately $8.41 million. Institutional investors and hedge funds collectively own 74.95% of the company.
• J.B. Hunt reported stronger-than-expected quarterly results, with EPS of $1.91 versus the $1.71 consensus and revenue of $3.50 billion, up 19.4% year over year.
• The company paid a quarterly dividend of $0.45 per share, or $1.80 annualized for a 0.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $284.17, despite some recent downgrades.

Nykredit A S acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 29,059 shares of the transportation company's stock, valued at approximately $8,411,000.

A number of other large investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC lifted its holdings in shares of J.B. Hunt Transport Services by 500.0% during the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company's stock worth $43,000 after purchasing an additional 125 shares during the period. Root Financial Partners LLC boosted its stake in shares of J.B. Hunt Transport Services by 25.4% during the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company's stock worth $45,000 after purchasing an additional 47 shares during the last quarter. Basecamp Wealth Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 250.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company's stock worth $46,000 after purchasing an additional 155 shares during the last quarter. Larson Financial Group LLC grew its holdings in J.B. Hunt Transport Services by 47.0% in the 4th quarter. Larson Financial Group LLC now owns 269 shares of the transportation company's stock valued at $52,000 after buying an additional 86 shares during the period. Finally, Manchester Capital Management LLC increased its position in J.B. Hunt Transport Services by 378.1% during the fourth quarter. Manchester Capital Management LLC now owns 349 shares of the transportation company's stock worth $68,000 after purchasing an additional 276 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Up 0.8%

NASDAQ JBHT opened at $236.17 on Tuesday. The stock has a market capitalization of $22.18 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 1.88 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 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. The stock has a fifty day moving average of $271.09 and a 200-day moving average of $256.60.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.20. The business 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 revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 earnings per share. On average, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.58 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders 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 0.8%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services's payout ratio is currently 25.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JBHT. Barclays decreased their target price on J.B. Hunt Transport Services from $300.00 to $285.00 and set an "equal weight" rating for the company in a report on Wednesday, September 16th. BMO Capital Markets reiterated an "outperform" rating on shares of J.B. Hunt Transport Services in a research report on Wednesday, September 16th. Wall Street Zen lowered J.B. Hunt Transport Services from a "buy" rating to a "hold" rating in a report on Monday. Stifel Nicolaus increased their price objective on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a "hold" rating in a research report on Monday, July 13th. Finally, Zacks Research cut shares of J.B. Hunt Transport Services from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $284.17.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.

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