Fjarde AP Fonden Fourth Swedish National Pension Fund Takes Position in J.B. Hunt Transport Services, Inc. $JBHT

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the first quarter, Holdings Channel.com reports. The firm bought 6,400 shares of the transportation company’s stock, valued at approximately $1,356,000.

Several other large investors also recently made changes to their positions in the company. Sivia Capital Partners LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth $539,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of J.B. Hunt Transport Services by 45.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,809 shares of the transportation company’s stock valued at $11,712,000 after purchasing an additional 17,839 shares in the last quarter. Korea Investment CORP grew its position in J.B. Hunt Transport Services by 88.8% in the 3rd quarter. Korea Investment CORP now owns 133,605 shares of the transportation company’s stock valued at $17,926,000 after buying an additional 62,845 shares in the last quarter. Merit Financial Group LLC lifted its stake in shares of J.B. Hunt Transport Services by 48.6% in the 4th quarter. Merit Financial Group LLC now owns 13,849 shares of the transportation company’s stock worth $2,692,000 after acquiring an additional 4,527 shares during the period. Finally, HighTower Advisors LLC raised its holdings in J.B. Hunt Transport Services by 71.7% during the fourth quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company’s stock worth $1,882,000 after purchasing an additional 4,043 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $277.74 on Tuesday. The company has a market capitalization of $26.19 billion, a price-to-earnings ratio of 42.99, a P/E/G ratio of 2.13 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $294.98. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $267.92 and its 200-day simple moving average is $233.13.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the business earned $1.17 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is 27.86%.

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

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the company’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 transaction, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. This represents a 47.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradley W. Hicks sold 7,644 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the completion of the sale, the insider owned 23,982 shares of the company’s stock, valued at approximately $6,281,125.62. The trade was a 24.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 18,119 shares of company stock valued at $4,736,095 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JBHT. Raymond James Financial restated an “outperform” rating and issued a $240.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 15th. Barclays lifted their target price on J.B. Hunt Transport Services from $235.00 to $270.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Morgan Stanley reiterated an “underweight” rating and issued a $200.00 price target (up from $190.00) on shares of J.B. Hunt Transport Services in a research report on Monday. UBS Group upped their price target on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Finally, Wall Street Zen upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $240.74.

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.