Andra AP fonden Makes New Investment in J.B. Hunt Transport Services, Inc. $JBHT

Andra AP fonden bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 28,021 shares of the transportation company’s stock, valued at approximately $5,938,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JBHT. AQR Capital Management LLC boosted its position in J.B. Hunt Transport Services by 411.5% during the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after purchasing an additional 1,447,993 shares in the last quarter. Norges Bank bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at about $200,587,000. Bessemer Group Inc. grew its position in shares of J.B. Hunt Transport Services by 75,567.4% in the 4th quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock worth $195,580,000 after buying an additional 1,005,047 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of J.B. Hunt Transport Services by 338.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 823,089 shares of the transportation company’s stock worth $110,434,000 after buying an additional 635,172 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of J.B. Hunt Transport Services by 272.8% during the 4th quarter. Wellington Management Group LLP now owns 747,377 shares of the transportation company’s stock worth $145,245,000 after acquiring an additional 546,880 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Spencer Frazier sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the completion of the sale, the executive vice president owned 4,604 shares of the company’s stock, valued at $1,188,752.80. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradley W. Hicks sold 7,644 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 23,982 shares of the company’s stock, valued at approximately $6,281,125.62. This trade represents a 24.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 15,847 shares of company stock valued at $4,162,861. 2.50% of the stock is owned by company insiders.

J.B. Hunt Transport Services Stock Down 0.3%

JBHT stock opened at $292.24 on Thursday. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year 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 firm has a market cap of $27.56 billion, a PE ratio of 41.39, a P/E/G ratio of 1.85 and a beta of 1.29. The firm’s fifty day moving average is $277.52 and its 200 day moving average is $240.59.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.J.B. Hunt Transport Services’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 EPS. On average, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.71 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on JBHT shares. Citigroup reissued a “market perform” rating on shares of J.B. Hunt Transport Services in a research report on Monday. The Goldman Sachs Group set a $261.00 price target on J.B. Hunt Transport Services in a research note on Thursday, July 16th. JPMorgan Chase & Co. raised their price target on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. TD Cowen upped their price target on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.