J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Holdings Trimmed by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,600 shares of the transportation company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in J.B. Hunt Transport Services were worth $736,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. New York Life Investment Management LLC raised its position in J.B. Hunt Transport Services by 0.5% during the fourth quarter. New York Life Investment Management LLC now owns 12,711 shares of the transportation company’s stock valued at $2,539,000 after buying an additional 65 shares during the period. Czech National Bank increased its holdings in shares of J.B. Hunt Transport Services by 0.5% in the 1st quarter. Czech National Bank now owns 14,347 shares of the transportation company’s stock valued at $2,859,000 after purchasing an additional 75 shares during the period. Fifth Third Bancorp lifted its position in shares of J.B. Hunt Transport Services by 2.2% in the first quarter. Fifth Third Bancorp now owns 3,618 shares of the transportation company’s stock worth $721,000 after purchasing an additional 78 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of J.B. Hunt Transport Services by 3.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,310 shares of the transportation company’s stock worth $460,000 after purchasing an additional 83 shares during the period. Finally, Kentucky Retirement Systems grew its position in J.B. Hunt Transport Services by 1.5% during the fourth quarter. Kentucky Retirement Systems now owns 6,520 shares of the transportation company’s stock valued at $1,302,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on shares of J.B. Hunt Transport Services from $188.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Stifel Nicolaus cut their price objective on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating for the company in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lowered their target price on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Barclays dropped their target price on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. Finally, Loop Capital reduced their price target on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a report on Thursday, July 18th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average price target of $181.88.

Insider Buying and Selling

In related news, Director Persio V. Lisboa purchased 600 shares of J.B. Hunt Transport Services stock in a transaction on Friday, July 19th. The stock was purchased at an average cost of $163.47 per share, with a total value of $98,082.00. Following the acquisition, the director now directly owns 3,594 shares in the company, valued at $587,511.18. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Persio V. Lisboa bought 600 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, July 19th. The stock was purchased at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $172.27 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.26. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The company’s fifty day moving average price is $165.41 and its 200 day moving average price is $175.70. The company has a market capitalization of $17.78 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.19). The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. J.B. Hunt Transport Services’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.81 EPS. As a group, analysts expect that J.B. Hunt Transport Services, Inc. will post 5.73 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were paid a $0.43 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.72 annualized dividend and a dividend yield of 1.00%. J.B. Hunt Transport Services’s payout ratio is 27.30%.

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.