Teza Capital Management LLC Invests $226,000 in J B Hunt Transport Services Inc (NASDAQ:JBHT)

Teza Capital Management LLC bought a new position in J B Hunt Transport Services Inc (NASDAQ:JBHT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,880 shares of the transportation company’s stock, valued at approximately $226,000.

Several other institutional investors have also recently modified their holdings of the company. Krane Funds Advisors LLC bought a new position in shares of J B Hunt Transport Services in the second quarter worth approximately $389,000. OPSEU Pension Plan Trust Fund lifted its stake in J B Hunt Transport Services by 59.6% in the second quarter. OPSEU Pension Plan Trust Fund now owns 5,860 shares of the transportation company’s stock worth $704,000 after acquiring an additional 2,188 shares during the period. Meitav Dash Investments Ltd. purchased a new stake in J B Hunt Transport Services in the second quarter worth $221,000. State Board of Administration of Florida Retirement System lifted its stake in J B Hunt Transport Services by 6.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 123,904 shares of the transportation company’s stock worth $14,911,000 after acquiring an additional 7,890 shares during the period. Finally, Greenwood Gearhart Inc. lifted its stake in J B Hunt Transport Services by 2.9% in the second quarter. Greenwood Gearhart Inc. now owns 44,246 shares of the transportation company’s stock worth $5,325,000 after acquiring an additional 1,230 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

In related news, Director Gary Charles George sold 56,000 shares of J B Hunt Transport Services stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $135.26, for a total value of $7,574,560.00. Following the completion of the sale, the director now directly owns 40,599 shares in the company, valued at approximately $5,491,420.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John Kuhlow sold 1,880 shares of J B Hunt Transport Services stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $117.00, for a total value of $219,960.00. Following the completion of the sale, the senior vice president now owns 3,625 shares of the company’s stock, valued at $424,125. The disclosure for this sale can be found here. Insiders sold a total of 179,564 shares of company stock valued at $24,199,953 over the last quarter. 3.51% of the stock is owned by corporate insiders.

A number of analysts recently commented on JBHT shares. Stifel Nicolaus raised their price target on J B Hunt Transport Services from $118.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. BidaskClub raised J B Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Thursday, August 13th. Raymond James raised their price target on J B Hunt Transport Services from $117.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Morgan Stanley raised their price objective on J B Hunt Transport Services from $89.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Finally, Robert W. Baird raised their price objective on J B Hunt Transport Services from $128.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Sixteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $132.84.

JBHT opened at $140.94 on Wednesday. The stock has a 50-day moving average price of $132.83 and a 200-day moving average price of $111.43. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market cap of $14.94 billion, a PE ratio of 28.94, a P/E/G ratio of 2.00 and a beta of 1.01. J B Hunt Transport Services Inc has a 1 year low of $75.29 and a 1 year high of $142.00.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, July 16th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.31. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.06 billion. J B Hunt Transport Services had a return on equity of 22.88% and a net margin of 5.65%. During the same quarter in the previous year, the firm earned $1.37 EPS. As a group, sell-side analysts anticipate that J B Hunt Transport Services Inc will post 4.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.27 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.08 annualized dividend and a yield of 0.77%. J B Hunt Transport Services’s payout ratio is 22.09%.

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 in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

See Also: What are municipal bonds?

Want to see what other hedge funds are holding JBHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J B Hunt Transport Services Inc (NASDAQ:JBHT).

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

Receive News & Ratings for J B Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.