New York State Common Retirement Fund decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 9.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,184 shares of the transportation company's stock after selling 10,400 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of J.B. Hunt Transport Services worth $16,575,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of JBHT. Jacobson & Schmitt Advisors LLC raised its position in shares of J.B. Hunt Transport Services by 5.2% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 71,777 shares of the transportation company's stock valued at $12,369,000 after buying an additional 3,569 shares in the last quarter. Stephens Inc. AR lifted its position in shares of J.B. Hunt Transport Services by 3.2% during the 3rd quarter. Stephens Inc. AR now owns 51,190 shares of the transportation company's stock valued at $8,822,000 after acquiring an additional 1,606 shares during the period. Stephens Investment Management Group LLC grew its holdings in shares of J.B. Hunt Transport Services by 3.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 191,337 shares of the transportation company's stock worth $32,973,000 after purchasing an additional 6,456 shares in the last quarter. First Trust Direct Indexing L.P. bought a new position in shares of J.B. Hunt Transport Services in the third quarter worth $320,000. Finally, Pallas Capital Advisors LLC raised its stake in J.B. Hunt Transport Services by 33.8% in the third quarter. Pallas Capital Advisors LLC now owns 2,040 shares of the transportation company's stock valued at $359,000 after purchasing an additional 515 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.
Insider Transactions at J.B. Hunt Transport Services
In other news, EVP Darren P. Field sold 3,000 shares of the 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Darren P. Field sold 3,000 shares of the company's stock in a transaction dated 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 owns 14,150 shares in the company, valued at $2,476,674.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares of the company's stock, valued at approximately $786,550.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,700 shares of company stock worth $1,227,602. Company insiders own 2.10% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. TD Cowen increased their price objective on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Susquehanna increased their price target on shares of 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. Evercore ISI boosted their price objective on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Bank of America upped their target price on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Finally, Citigroup initiated coverage on J.B. Hunt Transport Services in a research note on Wednesday, October 9th. They issued a "buy" rating and a $201.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $187.56.
Read Our Latest Stock Report on JBHT
J.B. Hunt Transport Services Trading Up 3.9 %
Shares of J.B. Hunt Transport Services stock traded up $7.26 during trading on Wednesday, hitting $192.82. The company's stock had a trading volume of 1,925,291 shares, compared to its average volume of 862,025. The stock has a market cap of $19.44 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 3.10 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The stock has a 50-day moving average price of $172.73 and a two-hundred day moving average price of $166.86. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the previous year, the company posted $1.80 EPS. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.68 EPS for the current fiscal year.
J.B. Hunt Transport Services Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.89%. J.B. Hunt Transport Services's payout ratio is 31.27%.
About J.B. Hunt Transport Services
(
Free Report)
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.
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