Nykredit A S Makes New $10.29 Million Investment in J.B. Hunt Transport Services, Inc. $JBHT

Nykredit A S purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 35,561 shares of the transportation company’s stock, valued at approximately $10,292,000.

A number of other hedge funds have also made changes to their positions in JBHT. BlackRock Inc. bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth $1,833,602,000. State Street Corp raised its holdings in J.B. Hunt Transport Services by 7.1% in the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock worth $592,015,000 after acquiring an additional 272,594 shares during the period. Janus Henderson Group PLC raised its holdings in J.B. Hunt Transport Services by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after acquiring an additional 41,887 shares during the period. AQR Capital Management LLC lifted its position in J.B. Hunt Transport Services by 17.7% during the 4th quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock worth $729,780,000 after acquiring an additional 565,605 shares during the last quarter. Finally, Jupiter Topco LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth $891,349,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on JBHT shares. Raymond James Financial raised their price target on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Robert W. Baird boosted their price objective on J.B. Hunt Transport Services from $290.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Truist Financial increased their target price on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Stifel Nicolaus raised their target price on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a “hold” rating in a report on Monday, July 13th. Finally, Susquehanna set a $345.00 price target on J.B. Hunt Transport Services in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $286.30.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $273.77 on Friday. The company’s fifty day moving average is $276.44 and its two-hundred day moving average is $253.87. 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 current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $25.71 billion, a price-to-earnings ratio of 38.78, a P/E/G ratio of 2.07 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced 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. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

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.