J.B. Hunt Transport Services, Inc. $JBHT Shares Purchased by Korea Investment CORP

Korea Investment CORP raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 88.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 133,605 shares of the transportation company’s stock after acquiring an additional 62,845 shares during the period. Korea Investment CORP’s holdings in J.B. Hunt Transport Services were worth $17,926,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $25,000. Cromwell Holdings LLC grew its position in shares of J.B. Hunt Transport Services by 52.2% in the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after buying an additional 71 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in J.B. Hunt Transport Services by 41.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after acquiring an additional 66 shares in the last quarter. Hantz Financial Services Inc. raised its stake in J.B. Hunt Transport Services by 52.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after acquiring an additional 76 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter valued at $31,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on J.B. Hunt Transport Services from $176.00 to $211.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Vertical Research downgraded J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 target price for the company. in a report on Thursday, January 8th. TD Cowen reissued a “hold” rating on shares of J.B. Hunt Transport Services in a research report on Monday, January 12th. Robert W. Baird raised their price target on J.B. Hunt Transport Services from $173.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Finally, Wells Fargo & Company lifted their price target on J.B. Hunt Transport Services from $170.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.00.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $215.85 on Wednesday. The firm has a market cap of $20.42 billion, a P/E ratio of 35.15, a P/E/G ratio of 1.77 and a beta of 1.23. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $236.00. The business’s 50-day moving average price is $215.09 and its 200 day moving average price is $180.79. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the business earned $1.53 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 6th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio is presently 29.32%.

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

In other J.B. Hunt Transport Services news, insider Bradley W. Hicks sold 4,028 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total value of $906,823.64. Following the transaction, the insider directly owned 30,395 shares of the company’s stock, valued at approximately $6,842,826.35. The trade was a 11.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jennifer Boattini sold 2,238 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $232.00, for a total transaction of $519,216.00. Following the transaction, the senior vice president owned 16,650 shares of the company’s stock, valued at approximately $3,862,800. The trade was a 11.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 25,945 shares of company stock valued at $5,656,495. Corporate insiders own 2.30% 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.