J.B. Hunt Transport Services, Inc. $JBHT Holdings Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,658 shares of the transportation company’s stock after selling 1,184 shares during the quarter. New York State Teachers Retirement System’s holdings in J.B. Hunt Transport Services were worth $9,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings in shares of J.B. Hunt Transport Services by 13.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 85 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of J.B. Hunt Transport Services by 38.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 88 shares during the last quarter. Trust Investment Advisors increased its holdings in shares of J.B. Hunt Transport Services by 2.3% in the 1st quarter. Trust Investment Advisors now owns 4,697 shares of the transportation company’s stock valued at $695,000 after acquiring an additional 104 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of J.B. Hunt Transport Services by 3.4% in the 2nd quarter. Verdence Capital Advisors LLC now owns 3,239 shares of the transportation company’s stock valued at $465,000 after acquiring an additional 105 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of J.B. Hunt Transport Services by 49.3% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 109 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

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

In other news, EVP Eric Mcgee acquired 1,148 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was acquired at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the acquisition, the executive vice president directly owned 7,397 shares in the company, valued at $1,041,201.72. This represents a 18.37% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP David Keefauver sold 989 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares of the company’s stock, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Susquehanna lowered their price target on J.B. Hunt Transport Services from $157.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, September 24th. Sanford C. Bernstein set a $172.00 price objective on J.B. Hunt Transport Services in a research note on Thursday. Bank of America upped their price objective on J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI upped their price objective on J.B. Hunt Transport Services from $155.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Raymond James Financial upped their price objective on J.B. Hunt Transport Services from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $165.55.

J.B. Hunt Transport Services Trading Down 2.8%

NASDAQ:JBHT opened at $164.85 on Monday. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.29 and a beta of 1.24. The business has a fifty day moving average of $141.14 and a 200-day moving average of $141.09. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the prior year, the business posted $1.49 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a $0.44 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. J.B. Hunt Transport Services’s dividend payout ratio is 30.50%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.