Raiffeisen Bank International AG Acquires 3,032 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Raiffeisen Bank International AG boosted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3,002.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,133 shares of the transportation company’s stock after acquiring an additional 3,032 shares during the quarter. Raiffeisen Bank International AG’s holdings in J.B. Hunt Transport Services were worth $902,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Elevation Wealth Partners LLC lifted its position in shares of J.B. Hunt Transport Services by 500.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock worth $43,000 after purchasing an additional 125 shares during the period. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth $32,000. CIBC Private Wealth Group LLC grew its stake in 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 purchasing an additional 48 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $31,000. Finally, Basecamp Wealth Advisors LLC grew its position in shares of J.B. Hunt Transport Services by 250.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock worth $46,000 after buying an additional 155 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 2.8%

Shares of 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 stock has a market cap of $25.71 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. The firm’s fifty day moving average is $276.44 and its two-hundred day moving average is $253.87. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31.

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 analysts’ consensus estimates of $1.71 by $0.20. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.31 earnings per share. Research analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Citigroup restated a “market perform” rating on shares of J.B. Hunt Transport Services in a research note on Monday, July 20th. Weiss Ratings cut J.B. Hunt Transport Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Wells Fargo & Company increased their price objective on shares of J.B. Hunt Transport Services from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Morgan Stanley reissued an “underweight” rating and set a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 6th. Finally, Zacks Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Two 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 stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price 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.