J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama grew its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 18.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,887 shares of the transportation company's stock after acquiring an additional 23,078 shares during the quarter. Retirement Systems of Alabama owned about 0.15% of J.B. Hunt Transport Services worth $25,658,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in JBHT. Catalyst Capital Advisors LLC purchased a new stake in J.B. Hunt Transport Services during the third quarter valued at approximately $26,000. True Wealth Design LLC increased its position in shares of J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth $31,000. nVerses Capital LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter worth $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter worth $36,000. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT traded down $1.36 during midday trading on Friday, reaching $179.79. 537,959 shares of the stock were exchanged, compared to its average volume of 856,116. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.90 and a beta of 1.15. The firm has a 50-day simple moving average of $181.39 and a two-hundred day simple moving average of $171.07. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

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 the consensus estimate of $1.42 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates 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 quarter last year, the business earned $1.80 earnings per share. As a group, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.96%. J.B. Hunt Transport Services's payout ratio is 31.27%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. TD Cowen raised their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Susquehanna lifted their target price on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Stephens restated an "overweight" rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Barclays lifted their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Finally, Benchmark reissued a "buy" rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $190.11.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated 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 owns 12,650 shares in the company, valued at $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric Mcgee sold 145 shares of the company's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the transaction, the executive vice president now owns 700 shares of the company's stock, valued at approximately $127,904. This trade represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is owned by corporate insiders.

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.