Caisse de depot et placement du Quebec Invests $49.19 Million in J.B. Hunt Transport Services, Inc. $JBHT

Caisse de depot et placement du Quebec bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 169,943 shares of the transportation company’s stock, valued at approximately $49,187,000.

Other hedge funds have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter worth about $31,000. International Assets Investment Management LLC acquired a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth about $32,000. MUFG Securities EMEA plc bought a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $34,000. CIBC Private Wealth Group LLC increased its position 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 increased its position 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.

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

In other news, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the sale, the executive vice president owned 790 shares of the company’s stock, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on JBHT shares. Susquehanna set a $345.00 price target on J.B. Hunt Transport Services in a research report on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price target on J.B. Hunt Transport Services in a research report on Thursday, July 16th. Robert W. Baird increased their price objective on J.B. Hunt Transport Services from $290.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Barclays raised their target price on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Finally, BMO Capital Markets restated an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $263.39 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $24.74 billion, a P/E ratio of 37.31, a P/E/G ratio of 1.66 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The stock has a 50 day moving average of $277.53 and a 200-day moving average of $252.44.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (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 firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the business posted $1.31 earnings per share. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

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 $0.45 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is 25.50%.

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.