Arizona State Retirement System Has $8.30 Million Position in J B Hunt Transport Services Inc (JBHT)

Arizona State Retirement System boosted its position in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 69,780 shares of the transportation company’s stock after purchasing an additional 1,127 shares during the quarter. Arizona State Retirement System’s holdings in J B Hunt Transport Services were worth $8,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Townsend & Associates Inc purchased a new stake in J B Hunt Transport Services in the 3rd quarter valued at about $140,000. Assenagon Asset Management S.A. grew its holdings in J B Hunt Transport Services by 96.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 33,106 shares of the transportation company’s stock valued at $3,938,000 after buying an additional 16,243 shares during the period. State Treasurer State of Michigan grew its holdings in J B Hunt Transport Services by 2.8% in the 3rd quarter. State Treasurer State of Michigan now owns 26,076 shares of the transportation company’s stock valued at $3,101,000 after buying an additional 700 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in J B Hunt Transport Services by 815.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 119,558 shares of the transportation company’s stock valued at $14,220,000 after buying an additional 106,493 shares during the period. Finally, First Trust Advisors LP grew its holdings in J B Hunt Transport Services by 37.1% in the 3rd quarter. First Trust Advisors LP now owns 312,398 shares of the transportation company’s stock valued at $37,157,000 after buying an additional 84,564 shares during the period. 73.64% of the stock is owned by hedge funds and other institutional investors.

JBHT has been the subject of several recent analyst reports. BidaskClub upgraded J B Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. Edward Jones cut J B Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Friday, September 28th. Deutsche Bank lowered their price target on J B Hunt Transport Services from $138.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, September 27th. Zacks Investment Research upgraded J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a report on Tuesday, September 18th. Finally, Morgan Stanley lifted their price target on J B Hunt Transport Services from $115.00 to $119.00 and gave the company an “equal weight” rating in a report on Tuesday, July 17th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $128.53.

Shares of NASDAQ:JBHT opened at $110.01 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.11 and a quick ratio of 1.13. J B Hunt Transport Services Inc has a 1 year low of $100.78 and a 1 year high of $131.74. The stock has a market cap of $12.01 billion, a PE ratio of 29.41, a PEG ratio of 1.70 and a beta of 0.95.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Monday, October 15th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. J B Hunt Transport Services had a return on equity of 27.71% and a net margin of 9.49%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, sell-side analysts forecast that J B Hunt Transport Services Inc will post 5.41 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Friday, November 9th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, November 8th. J B Hunt Transport Services’s payout ratio is currently 25.67%.

In other news, EVP Terrence D. Matthews sold 5,163 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $122.11, for a total transaction of $630,453.93. Following the completion of the sale, the executive vice president now owns 23,810 shares in the company, valued at approximately $2,907,439.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is currently owned by insiders.

J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

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