Canada Pension Plan Investment Board Raises Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Canada Pension Plan Investment Board lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 12.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,062 shares of the transportation company’s stock after acquiring an additional 3,774 shares during the quarter. Canada Pension Plan Investment Board’s holdings in J.B. Hunt Transport Services were worth $5,610,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Studio Investment Management LLC lifted its holdings in J.B. Hunt Transport Services by 6.6% in the second quarter. Studio Investment Management LLC now owns 1,013 shares of the transportation company’s stock valued at $162,000 after acquiring an additional 63 shares during the period. Czech National Bank boosted its holdings in shares of J.B. Hunt Transport Services by 0.5% in the first quarter. Czech National Bank now owns 14,347 shares of the transportation company’s stock worth $2,859,000 after buying an additional 75 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in J.B. Hunt Transport Services by 3.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,310 shares of the transportation company’s stock valued at $460,000 after buying an additional 83 shares during the period. GAMMA Investing LLC increased its holdings in J.B. Hunt Transport Services by 19.3% during the second quarter. GAMMA Investing LLC now owns 593 shares of the transportation company’s stock valued at $95,000 after buying an additional 96 shares during the last quarter. Finally, Blair William & Co. IL raised its position in J.B. Hunt Transport Services by 0.3% in the first quarter. Blair William & Co. IL now owns 36,113 shares of the transportation company’s stock worth $7,196,000 after acquiring an additional 97 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price objective on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Susquehanna reduced their price objective on shares of J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Wednesday, July 17th. BMO Capital Markets restated an “outperform” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Tuesday. Loop Capital cut their price target on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Finally, TD Cowen lowered their price objective on J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.88.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $171.74 on Thursday. The firm has a fifty day simple moving average of $169.26 and a two-hundred day simple moving average of $170.56. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $17.72 billion, a P/E ratio of 27.26, a PEG ratio of 2.86 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The company’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.81 EPS. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

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

In related news, Director Persio V. Lisboa bought 600 shares of the company’s stock in a transaction on Friday, July 19th. The shares were acquired at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the purchase, the director now directly owns 3,594 shares of the company’s stock, valued at $587,511.18. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Persio V. Lisboa bought 600 shares of the business’s stock in a transaction on Friday, July 19th. The shares were acquired at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the transaction, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.