Kentucky Retirement Systems Takes Position in J B Hunt Transport Services Inc (JBHT)

Kentucky Retirement Systems bought a new stake in J B Hunt Transport Services Inc (NASDAQ:JBHT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,799 shares of the transportation company’s stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. MML Investors Services LLC grew its position in J B Hunt Transport Services by 20.1% during the third quarter. MML Investors Services LLC now owns 3,751 shares of the transportation company’s stock worth $446,000 after buying an additional 629 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in J B Hunt Transport Services by 23.1% in the third quarter. Bank of New York Mellon Corp now owns 2,455,788 shares of the transportation company’s stock valued at $292,090,000 after purchasing an additional 461,225 shares during the period. American International Group Inc. increased its holdings in J B Hunt Transport Services by 6.4% in the third quarter. American International Group Inc. now owns 41,249 shares of the transportation company’s stock valued at $4,906,000 after purchasing an additional 2,494 shares during the period. Canada Pension Plan Investment Board increased its holdings in J B Hunt Transport Services by 77.6% in the third quarter. Canada Pension Plan Investment Board now owns 49,207 shares of the transportation company’s stock valued at $5,853,000 after purchasing an additional 21,500 shares during the period. Finally, Shell Asset Management Co. increased its holdings in J B Hunt Transport Services by 8.2% in the third quarter. Shell Asset Management Co. now owns 6,869 shares of the transportation company’s stock valued at $817,000 after purchasing an additional 519 shares during the period. 72.49% of the stock is currently owned by hedge funds and other institutional investors.

In other J B Hunt Transport Services news, EVP Nicholas Hobbs sold 3,000 shares of J B Hunt Transport Services stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $112.04, for a total transaction of $336,120.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David G. Mee sold 2,886 shares of J B Hunt Transport Services stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $109.06, for a total transaction of $314,747.16. Following the completion of the sale, the chief financial officer now directly owns 110,500 shares in the company, valued at approximately $12,051,130. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,986 shares of company stock worth $1,402,544. Insiders own 3.60% of the company’s stock.

A number of research firms recently weighed in on JBHT. BidaskClub downgraded J B Hunt Transport Services from a “sell” rating to a “strong sell” rating in a report on Tuesday. Zacks Investment Research downgraded J B Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Deutsche Bank downgraded J B Hunt Transport Services from a “buy” rating to a “sell” rating and set a $98.51 price target for the company. in a report on Wednesday, April 17th. Argus downgraded J B Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. Finally, Loop Capital decreased their price target on J B Hunt Transport Services to $133.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $115.89.

Shares of J B Hunt Transport Services stock traded up $1.47 during mid-day trading on Friday, hitting $98.32. 704,081 shares of the stock were exchanged, compared to its average volume of 1,055,625. J B Hunt Transport Services Inc has a 12 month low of $88.38 and a 12 month high of $131.74. The company has a quick ratio of 1.10, a current ratio of 1.44 and a debt-to-equity ratio of 0.58. The stock has a market cap of $10.71 billion, a P/E ratio of 17.34, a P/E/G ratio of 1.43 and a beta of 1.13.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.16). J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business earned $1.07 EPS. J B Hunt Transport Services’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that J B Hunt Transport Services Inc will post 5.73 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.06%. J B Hunt Transport Services’s dividend payout ratio is currently 18.34%.

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J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

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