Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 602 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.4% during the fourth quarter, HoldingsChannel reports. The firm owned 16,937 shares of the transportation company’s stock after selling 602 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in J.B. Hunt Transport Services were worth $2,890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in JBHT. True Wealth Design LLC raised its stake in 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 acquiring an additional 142 shares during the period. National Pension Service purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth about $30,000. BankPlus Trust Department bought a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $34,000. Versant Capital Management Inc lifted its stake in shares of J.B. Hunt Transport Services by 102.2% during 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 in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after buying an additional 134 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $152.02 on Tuesday. The firm has a market cap of $15.20 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.61 and a beta of 1.16. The firm’s fifty day moving average is $164.85 and its 200 day moving average is $172.69. J.B. Hunt Transport Services, Inc. has a 52 week low of $144.34 and a 52 week high of $200.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the business posted $1.47 earnings per share. Research analysts predict 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 business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.44 dividend. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services’s payout ratio is 31.65%.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company reduced their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Stifel Nicolaus lowered their price target on shares of 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. Stephens reaffirmed an “overweight” rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 7th. They issued a “hold” rating and a $167.00 target price on the stock. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.80.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

About J.B. Hunt Transport Services

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.