Connor Clark & Lunn Investment Management Ltd. Makes New $24.47 Million Investment in J.B. Hunt Transport Services, Inc. $JBHT

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 84,546 shares of the transportation company’s stock, valued at approximately $24,470,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of J.B. Hunt Transport Services by 74.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock worth $2,314,000 after purchasing an additional 6,668 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of J.B. Hunt Transport Services by 3.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock worth $64,160,000 after purchasing an additional 13,729 shares in the last quarter. Empowered Funds LLC lifted its holdings in J.B. Hunt Transport Services by 27.8% during the 1st quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock valued at $262,000 after purchasing an additional 385 shares during the last quarter. Sivia Capital Partners LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter valued at about $539,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in J.B. Hunt Transport Services by 21.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock valued at $84,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $259.88 on Tuesday. The stock has a market cap of $24.41 billion, a PE ratio of 36.81, a PEG ratio of 1.73 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $299.76. The firm’s 50 day moving average price is $278.11 and its two-hundred day moving average price is $251.68. 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 (NASDAQ:JBHT) last announced its quarterly 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. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The company 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 business posted $1.31 EPS. J.B. Hunt Transport Services’s revenue was up 19.4% on a year-over-year basis. As a group, analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.45 dividend. The ex-dividend date of this dividend 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 payout ratio is presently 25.50%.

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

In related news, EVP David Keefauver sold 703 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the transaction, the executive vice president directly owned 790 shares in the company, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services 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 sale, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Susquehanna set a $345.00 price objective on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Robert W. Baird boosted their target price on J.B. Hunt Transport Services from $290.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Evercore restated an “outperform” rating and set a $248.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. Wall Street Zen raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. Finally, Stephens lifted their price objective on J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.