Raiffeisen Bank International AG Grows Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Raiffeisen Bank International AG increased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3,002.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,133 shares of the transportation company’s stock after acquiring an additional 3,032 shares during the period. Raiffeisen Bank International AG’s holdings in J.B. Hunt Transport Services were worth $902,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $265,000. NEOS Investment Management LLC increased its position in shares of J.B. Hunt Transport Services by 13.9% during the 2nd quarter. NEOS Investment Management LLC now owns 11,670 shares of the transportation company’s stock worth $3,378,000 after purchasing an additional 1,425 shares during the last quarter. Retireful LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $1,343,000. Nykredit A S purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at about $10,292,000. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in J.B. Hunt Transport Services by 4.6% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 2,408 shares of the transportation company’s stock valued at $697,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 2.8%

Shares of NASDAQ:JBHT opened at $273.77 on Friday. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $299.76. 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 cap of $25.71 billion, a PE ratio of 38.78, a P/E/G ratio of 2.07 and a beta of 1.29. The company’s 50 day moving average is $276.44 and its two-hundred day moving average is $253.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released 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 return on equity of 18.75% and a net margin of 5.31%.The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the firm posted $1.31 EPS. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. Equities analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business 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 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 25.50%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Truist Financial increased their target price on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Susquehanna set a $345.00 price objective on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Citizens Jmp began coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Sanford C. Bernstein reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, Barclays lifted their price objective on 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. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.