Canada Pension Plan Investment Board Invests $23.03 Million in J.B. Hunt Transport Services, Inc. $JBHT

Canada Pension Plan Investment Board acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, HoldingsChannel reports. The fund acquired 79,580 shares of the transportation company’s stock, valued at approximately $23,033,000.

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

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $261.03 on Friday. The firm has a market capitalization of $24.52 billion, a PE ratio of 36.97, a PEG ratio of 1.65 and a beta of 1.30. The stock’s fifty day moving average is $277.33 and its 200 day moving average is $252.50. 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.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the firm earned $1.31 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 15,881 shares in the company, valued at $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 directly owned 790 shares in the company, valued at approximately $225,252.70. This represents a 47.09% decrease in their position. The SEC filing for this sale provides additional information. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on JBHT shares. Susquehanna set a $345.00 price objective on J.B. Hunt Transport Services in a research report on Thursday, July 16th. Citigroup reissued a “market perform” rating on shares of J.B. Hunt Transport Services in a report on Monday, July 20th. Stephens lifted their price target on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Truist Financial boosted their price objective on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Finally, Zacks Research upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

About J.B. Hunt Transport Services

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.