Caisse de depot et placement du Quebec Buys Shares of 169,943 J.B. Hunt Transport Services, Inc. $JBHT

Caisse de depot et placement du Quebec bought 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 institutional investor bought 169,943 shares of the transportation company’s stock, valued at approximately $49,187,000. Caisse de depot et placement du Quebec owned 0.18% of J.B. Hunt Transport Services at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JBHT. CYBER HORNET ETFs LLC purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $32,000. MUFG Securities EMEA plc bought a new stake in J.B. Hunt Transport Services during the second quarter valued at about $34,000. CIBC Private Wealth Group LLC increased 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 worth $37,000 after purchasing an additional 48 shares during the period. Finally, Activest Wealth Management boosted its stake in J.B. Hunt Transport Services by 19,800.0% during the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 198 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president directly owned 790 shares of the company’s stock, valued at approximately $225,252.70. The trade was a 47.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the transaction, the executive vice president owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group upped their price target on 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. The Goldman Sachs Group set a $261.00 target price on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Wells Fargo & Company boosted their price target on J.B. Hunt Transport Services from $310.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Susquehanna set a $345.00 price objective on J.B. Hunt Transport Services in a report on Thursday, July 16th. Finally, Robert W. Baird upped their target price on J.B. Hunt Transport Services from $290.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $263.39 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The business’s fifty day moving average price is $277.53 and its two-hundred day moving average price is $252.44. 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 stock has a market capitalization of $24.74 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the company earned $1.31 EPS. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 EPS 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 dividend of $0.45 per share. The ex-dividend date was Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is 25.50%.

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.