5,200 Shares in J.B. Hunt Transport Services, Inc. $JBHT Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,200 shares of the transportation company’s stock, valued at approximately $1,505,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in shares of J.B. Hunt Transport Services in the second quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in J.B. Hunt Transport Services during the 4th quarter valued at approximately $32,000. MUFG Securities EMEA plc bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $34,000. CIBC Private Wealth Group LLC raised its holdings in J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares during the last quarter. Finally, Activest Wealth Management lifted its position in shares of J.B. Hunt Transport Services by 19,800.0% in the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock worth $39,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on JBHT shares. Zacks Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. TD Cowen boosted their target price on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Susquehanna set a $345.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Citigroup reiterated a “market perform” rating on shares of J.B. Hunt Transport Services in a report on Monday, July 20th. Finally, Benchmark lifted their price objective on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Stock Up 0.6%

JBHT stock opened at $263.64 on Thursday. The stock’s 50 day simple moving average is $277.69 and its 200 day simple moving average is $252.19. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two 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 company has a market cap of $24.76 billion, a P/E ratio of 37.34, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30.

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. The firm 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%.The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share. On average, research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given 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 (DPR) is presently 25.50%.

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 on Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the transaction, the executive vice president directly owned 15,881 shares in the company, valued at $4,510,362.81. This trade represents a 8.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services 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.