J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,992 shares of the transportation company’s stock after selling 1,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in J.B. Hunt Transport Services were worth $4,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in JBHT. Catalyst Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services in the third quarter worth $26,000. True Wealth Design LLC boosted its holdings in shares of J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after buying an additional 142 shares during the period. Cromwell Holdings LLC boosted its holdings in shares of J.B. Hunt Transport Services by 47.2% in the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after buying an additional 76 shares during the period. Versant Capital Management Inc boosted its holdings in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after buying an additional 142 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after buying an additional 61 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the sale, the executive vice president now directly owns 700 shares of the company’s stock, valued at approximately $127,904. This represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,545 shares of company stock worth $1,898,942. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on JBHT shares. Barclays lifted their price target on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price objective on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Citigroup dropped their target price on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Benchmark reissued a “buy” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Finally, Stephens reaffirmed an “overweight” rating and issued a $205.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $191.11.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $169.27 on Thursday. The stock has a market cap of $17.07 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 1.63 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $214.39. The stock’s 50 day moving average price is $172.92 and its 200 day moving average price is $174.78.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the firm posted $1.47 EPS. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.04%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.65%.

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.