Thu Sep 26 14:59:59 UTC 2024: ## Canada Pension Plan Investment Board Increases Stake in J.B. Hunt Transport Services

**New York, NY – September 26, 2024** – The Canada Pension Plan Investment Board has boosted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 12.1% during the second quarter, according to the firm’s latest Form 13F filing. The investment board now owns 35,062 shares of the transportation company, valued at $5,610,000. This move indicates strong confidence in J.B. Hunt’s future performance.

Several other hedge funds have also adjusted their positions in J.B. Hunt. Studio Investment Management LLC, Czech National Bank, Tokio Marine Asset Management Co. Ltd, GAMMA Investing LLC, and Blair William & Co. IL all reported increases in their holdings during recent quarters. Institutional investors now own 74.95% of J.B. Hunt’s stock.

Analysts are divided on the company’s future prospects. While some remain optimistic, others have downgraded their ratings and price targets. JPMorgan Chase & Co. lowered its price objective to $184.00 from $204.00 but maintained an “overweight” rating. Susquehanna, however, dropped its price target to $155.00 from $175.00 and assigned a “neutral” rating. Overall, the consensus among analysts is a “Moderate Buy” with a price target of $181.88.

J.B. Hunt’s stock opened at $171.74 on Thursday. The company has a market capitalization of $17.72 billion and is currently trading at a P/E ratio of 27.26.

In the second quarter, J.B. Hunt reported earnings per share of $1.32, missing analysts’ expectations of $1.51. Revenue for the quarter was $2.93 billion, falling short of the estimated $3.02 billion. The company’s revenue declined by 6.5% year-over-year.

Despite the recent earnings miss, J.B. Hunt continues to pay a quarterly dividend of $0.43 per share, representing an annualized yield of 1.00%.

The company’s stock has experienced some volatility in recent months, with a 52-week low of $153.12 and a 52-week high of $219.51.

J.B. Hunt Transport Services provides a range of transportation, delivery, and logistics services across the United States. The company operates through five segments: Intermodal, Dedicated Contract Services, Integrated Capacity Solutions, Final Mile Services, and Truckload.

For more information on J.B. Hunt Transport Services, visit the company’s website or consult with a financial professional.

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