J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,384 shares of the transportation company's stock after selling 6,800 shares during the quarter. New York State Common Retirement Fund owned 0.09% of J.B. Hunt Transport Services worth $15,254,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of JBHT. Studio Investment Management LLC lifted its position in J.B. Hunt Transport Services by 5.4% during the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company's stock worth $184,000 after purchasing an additional 55 shares during the period. iA Global Asset Management Inc. increased its stake in J.B. Hunt Transport Services by 2.6% in the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company's stock valued at $368,000 after acquiring an additional 55 shares during the last quarter. Empirical Finance LLC increased its stake in shares of J.B. Hunt Transport Services by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company's stock valued at $492,000 after purchasing an additional 56 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 18.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company's stock valued at $67,000 after purchasing an additional 60 shares during the last quarter. Finally, Huntington National Bank boosted its stake in J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company's stock valued at $59,000 after buying an additional 61 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock traded down $1.42 on Thursday, reaching $158.90. 762,084 shares of the company traded hands, compared to its average volume of 946,260. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The firm has a market capitalization of $15.89 billion, a PE ratio of 28.58, a PEG ratio of 1.61 and a beta of 1.15. The company has a 50 day moving average of $171.58 and a 200 day moving average of $174.82. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $208.69.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted $1.47 EPS. The firm's revenue was down 4.5% compared to the same quarter last year. Equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a yield of 1.11%. J.B. Hunt Transport Services's payout ratio is presently 31.65%.

Insider Transactions at J.B. Hunt Transport Services

In other news, CEO Shelley Simpson sold 6,000 shares of the business'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 completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,545 shares of company stock valued at $1,898,942 over the last three months. Company insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of recent research reports. Evercore ISI lowered their target price on J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Stephens reissued an "overweight" rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Wells Fargo & Company cut their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus cut their target price on J.B. Hunt Transport Services from $167.00 to $161.00 and set a "hold" rating on the stock in a report on Wednesday, January 15th. Finally, Citigroup dropped their price objective on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and an average price target of $191.11.

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.