New York State Teachers Retirement System Has $13.35 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

New York State Teachers Retirement System lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,448 shares of the transportation company’s stock after selling 5,272 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of J.B. Hunt Transport Services worth $13,347,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after purchasing an additional 149 shares in the last quarter. Innealta Capital LLC acquired a new position in J.B. Hunt Transport Services in the second quarter worth about $31,000. nVerses Capital LLC bought a new stake in J.B. Hunt Transport Services during the second quarter worth about $32,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth approximately $36,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.2 %

Shares of NASDAQ JBHT opened at $180.96 on Friday. The company’s fifty day moving average is $172.34 and its 200-day moving average is $166.73. The stock has a market cap of $18.25 billion, a price-to-earnings ratio of 32.90, a P/E/G ratio of 3.10 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a quick ratio of 1.21, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period last year, the firm posted $1.80 earnings per share. Equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.68 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.95%. J.B. Hunt Transport Services’s dividend payout ratio is 31.27%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the sale, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Citigroup assumed coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, October 9th. They set a “buy” rating and a $201.00 price objective for the company. Morgan Stanley dropped their price objective on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. Benchmark reissued a “buy” rating and issued a $185.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $187.56.

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.