Danske Bank A S Purchases Shares of 35,212 J.B. Hunt Transport Services, Inc. $JBHT

Danske Bank A S bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 35,212 shares of the transportation company’s stock, valued at approximately $10,191,000.

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

J.B. Hunt Transport Services Trading Up 0.4%

JBHT stock opened at $275.45 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $299.76. The company has a market cap of $25.87 billion, a P/E ratio of 39.02, a PEG ratio of 1.72 and a beta of 1.30. The business has a fifty day moving average of $278.58 and a 200-day moving average of $251.13.

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, topping analysts’ consensus estimates of $1.71 by $0.20. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates 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 was up 19.4% on a year-over-year basis. During the same period last year, the company earned $1.31 earnings per share. As a group, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current 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 paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services’s payout ratio is 25.50%.

Insider Buying and Selling

In related news, EVP David Keefauver sold 703 shares of the 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 directly owned 790 shares in the company, valued at $225,252.70. This represents a 47.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the sale, the executive vice president directly owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This represents a 8.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on JBHT shares. Zacks Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Citizens Jmp initiated coverage on J.B. Hunt Transport Services in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Evercore restated an “outperform” rating and set a $248.00 target price on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. Citigroup reiterated a “market perform” rating on shares of J.B. Hunt Transport Services in a research report on Monday, July 20th. Finally, UBS Group increased their price objective on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus 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.