J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 54.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 40,884 shares of the transportation company’s stock after selling 48,500 shares during the period. New York State Common Retirement Fund’s holdings in J.B. Hunt Transport Services were worth $6,049,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of JBHT. Janus Henderson Group PLC raised its holdings in shares of J.B. Hunt Transport Services by 0.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company’s stock valued at $578,572,000 after acquiring an additional 15,476 shares during the period. Invesco Ltd. raised its holdings in shares of J.B. Hunt Transport Services by 5.1% during the fourth quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company’s stock valued at $362,554,000 after acquiring an additional 104,019 shares during the period. Geode Capital Management LLC raised its holdings in shares of J.B. Hunt Transport Services by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company’s stock valued at $340,049,000 after acquiring an additional 8,968 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of J.B. Hunt Transport Services by 0.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company’s stock valued at $225,209,000 after acquiring an additional 8,725 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of J.B. Hunt Transport Services by 428.4% during the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock valued at $215,610,000 after acquiring an additional 1,024,295 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JBHT has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of J.B. Hunt Transport Services from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, July 16th. Raymond James Financial upped their price objective on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the company a “market perform” rating in a research note on Wednesday, April 16th. Morgan Stanley dropped their price objective on shares of J.B. Hunt Transport Services from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.90.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs acquired 1,529 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the transaction, the chief operating officer directly owned 91,847 shares in the company, valued at $12,008,995.25. This trade represents a 1.69% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $148.89 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.89 and a current ratio of 0.87. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The firm’s 50 day moving average price is $144.65 and its two-hundred day moving average price is $151.08. The firm has a market cap of $14.77 billion, a P/E ratio of 27.07, a PEG ratio of 2.29 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the firm posted $1.32 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is presently 32.00%.

About J.B. Hunt Transport Services

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.