Strs Ohio Invests $6.66 Million in J.B. Hunt Transport Services, Inc. $JBHT

Strs Ohio bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 45,000 shares of the transportation company’s stock, valued at approximately $6,658,000.

Several other institutional investors have also made changes to their positions in the stock. IFM Investors Pty Ltd boosted its holdings in shares of J.B. Hunt Transport Services by 1.8% during the first quarter. IFM Investors Pty Ltd now owns 12,478 shares of the transportation company’s stock worth $1,846,000 after purchasing an additional 218 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of J.B. Hunt Transport Services by 1.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 624,531 shares of the transportation company’s stock worth $92,399,000 after buying an additional 6,929 shares during the last quarter. Woodline Partners LP increased its position in J.B. Hunt Transport Services by 23.1% during the first quarter. Woodline Partners LP now owns 65,660 shares of the transportation company’s stock worth $9,714,000 after acquiring an additional 12,323 shares during the period. Empowered Funds LLC increased its position in J.B. Hunt Transport Services by 27.8% during the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after acquiring an additional 385 shares during the period. Finally, MBB Public Markets I LLC bought a new position in J.B. Hunt Transport Services during the first quarter worth $319,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at J.B. Hunt Transport Services

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

J.B. Hunt Transport Services Stock Down 2.5%

Shares of NASDAQ JBHT opened at $137.93 on Monday. The firm’s 50-day simple moving average is $145.66 and its 200 day simple moving average is $143.44. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.12 and a beta of 1.28. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40.

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

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 32.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $163.00 price target (up previously from $150.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. Raymond James Financial boosted their price target on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. The Goldman Sachs Group set a $164.00 price target on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Truist Financial boosted their price target on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, July 16th. Finally, UBS Group lowered shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and boosted their price target for the company from $155.00 to $157.00 in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $165.00.

J.B. Hunt Transport Services 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.