J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.2% during the third quarter, Holdings Channel reports. The fund owned 6,045 shares of the transportation company’s stock after selling 466 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in J.B. Hunt Transport Services were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after purchasing an additional 193,684 shares during the last quarter. Paloma Partners Management Co boosted its stake in shares of J.B. Hunt Transport Services by 14,254.9% in the third quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock worth $32,035,000 after buying an additional 184,601 shares during the last quarter. Mizuho Securities USA LLC boosted its stake in shares of J.B. Hunt Transport Services by 2,384.8% in the third quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock worth $25,297,000 after buying an additional 149,815 shares during the last quarter. AQR Capital Management LLC grew its holdings in J.B. Hunt Transport Services by 282.8% during the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after acquiring an additional 128,283 shares during the period. Finally, Legacy Capital Wealth Partners LLC purchased a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $19,755,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Activity

In other news, EVP Spencer Frazier sold 2,200 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the transaction, the executive vice president now owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Shelley Simpson sold 6,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the sale, the chief executive officer now owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,459 shares of company stock worth $2,136,277 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on JBHT. Susquehanna upped their price objective on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. BMO Capital Markets restated an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Bank of America upped their price objective on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Barclays raised their target price on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus upped their price target on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.11.

J.B. Hunt Transport Services Trading Down 4.0 %

Shares of JBHT stock opened at $170.29 on Thursday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s fifty day moving average is $181.99 and its two-hundred day moving average is $171.44. The firm has a market capitalization of $17.17 billion, a P/E ratio of 30.96, a PEG ratio of 2.90 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period last year, the firm posted $1.80 earnings per share. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share 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, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

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.