State of Alaska Department of Revenue Reduces Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

State of Alaska Department of Revenue reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,783 shares of the transportation company’s stock after selling 525 shares during the quarter. State of Alaska Department of Revenue’s holdings in J.B. Hunt Transport Services were worth $1,261,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of JBHT. Summit Securities Group LLC raised its holdings in shares of J.B. Hunt Transport Services by 19,600.0% during the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after buying an additional 196 shares during the period. Allworth Financial LP raised its holdings in shares of J.B. Hunt Transport Services by 167.0% during the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock valued at $35,000 after buying an additional 147 shares during the period. National Pension Service increased its holdings in J.B. Hunt Transport Services by 74.9% during the 1st quarter. National Pension Service now owns 306 shares of the transportation company’s stock worth $45,000 after purchasing an additional 131 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in J.B. Hunt Transport Services by 38.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after purchasing an additional 88 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in J.B. Hunt Transport Services by 49.3% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock worth $49,000 after purchasing an additional 109 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

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

In related news, EVP Eric Mcgee bought 1,148 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, August 4th. The stock was acquired at an average cost of $140.76 per share, with a total value of $161,592.48. Following the completion of the acquisition, the executive vice president directly owned 7,397 shares in the company, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 sale, the executive vice president directly owned 946 shares of the company’s stock, valued at approximately $143,763.62. This represents a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

JBHT has been the topic of several analyst reports. Susquehanna dropped their price objective on J.B. Hunt Transport Services from $157.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. JPMorgan Chase & Co. lifted their price objective on J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Weiss Ratings restated a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a report on Saturday, September 27th. Evercore ISI dropped their price objective on J.B. Hunt Transport Services from $159.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $163.00 price target (up from $150.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $160.62.

J.B. Hunt Transport Services Trading Up 2.8%

Shares of J.B. Hunt Transport Services stock opened at $137.95 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm has a market cap of $13.35 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. The business has a fifty day simple moving average of $140.59 and a 200-day simple moving average of $141.32. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $1.32 EPS. On average, equities 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 business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend 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 currently 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.