Korea Investment CORP Acquires Shares of 74,305 J.B. Hunt Transport Services, Inc. $JBHT

Korea Investment CORP acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 74,305 shares of the transportation company’s stock, valued at approximately $21,506,000.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth $1,833,602,000. State Street Corp grew its position in J.B. Hunt Transport Services by 7.1% during the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock worth $592,015,000 after purchasing an additional 272,594 shares during the last quarter. Janus Henderson Group PLC increased its stake in J.B. Hunt Transport Services by 1.1% in the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock valued at $843,937,000 after purchasing an additional 41,887 shares during the period. AQR Capital Management LLC increased its stake in J.B. Hunt Transport Services by 17.7% in the fourth quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock valued at $729,780,000 after purchasing an additional 565,605 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of J.B. Hunt Transport Services by 5.4% in the third quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company’s stock valued at $216,317,000 after buying an additional 82,939 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Keefauver sold 703 shares of the company’s stock in a transaction on Friday, June 5th. The stock was 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 $225,252.70. This represents a 47.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $275.45 on Monday. The stock has a market capitalization of $25.87 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30. The company has a fifty day moving average of $278.58 and a 200-day moving average of $251.41. 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, Inc. has a one year low of $130.12 and a one year high of $299.76.

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

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders 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 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is presently 25.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JBHT shares. Benchmark increased their target price on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. The Goldman Sachs Group set a $261.00 price target on J.B. Hunt Transport Services in a research report on Thursday, July 16th. Zacks Research raised J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Citizens Jmp started coverage on J.B. Hunt Transport Services in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, TD Cowen lifted their target price on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.