State of Alaska Department of Revenue Sells 455 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

State of Alaska Department of Revenue trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,906 shares of the transportation company’s stock after selling 455 shares during the period. State of Alaska Department of Revenue’s holdings in J.B. Hunt Transport Services were worth $6,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MetLife Investment Management LLC increased its position in J.B. Hunt Transport Services by 41.1% in the 1st quarter. MetLife Investment Management LLC now owns 26,197 shares of the transportation company’s stock worth $5,260,000 after buying an additional 7,636 shares during the period. Commonwealth Equity Services LLC increased its position in J.B. Hunt Transport Services by 12.9% during the first quarter. Commonwealth Equity Services LLC now owns 11,672 shares of the transportation company’s stock worth $2,343,000 after acquiring an additional 1,336 shares during the period. Ensign Peak Advisors Inc increased its position in J.B. Hunt Transport Services by 172.6% during the fourth quarter. Ensign Peak Advisors Inc now owns 21,831 shares of the transportation company’s stock worth $4,462,000 after acquiring an additional 13,824 shares during the period. Jupiter Asset Management Ltd. raised its stake in J.B. Hunt Transport Services by 46.3% during the 1st quarter. Jupiter Asset Management Ltd. now owns 2,379 shares of the transportation company’s stock valued at $478,000 after purchasing an additional 753 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in J.B. Hunt Transport Services by 13.7% in the 1st quarter. Swiss National Bank now owns 363,794 shares of the transportation company’s stock valued at $73,046,000 after purchasing an additional 43,900 shares during the period. 73.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on JBHT shares. Bank of America upped their price objective on shares of J.B. Hunt Transport Services from $195.00 to $203.00 and gave the company a “buy” rating in a research report on Wednesday, July 20th. Cowen raised their price objective on J.B. Hunt Transport Services from $188.00 to $193.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 20th. Barclays lowered their price objective on J.B. Hunt Transport Services from $225.00 to $210.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Credit Suisse Group raised their target price on J.B. Hunt Transport Services from $178.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 20th. Finally, UBS Group lowered their price target on shares of J.B. Hunt Transport Services from $186.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, July 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.63.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Eric Mcgee bought 210 shares of the stock in a transaction on Wednesday, September 7th. The stock was purchased at an average price of $167.75 per share, with a total value of $35,227.50. Following the acquisition, the executive vice president now owns 611 shares of the company’s stock, valued at $102,495.25. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Darren P. Field sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $179.85, for a total transaction of $395,670.00. Following the transaction, the executive vice president now owns 9,058 shares of the company’s stock, valued at approximately $1,629,081.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric Mcgee acquired 210 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were purchased at an average price of $167.75 per share, with a total value of $35,227.50. Following the acquisition, the executive vice president now owns 611 shares of the company’s stock, valued at approximately $102,495.25. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $169.61 on Tuesday. The company has a 50 day moving average price of $177.88 and a 200 day moving average price of $177.19. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.92 and a fifty-two week high of $218.18. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $17.61 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last issued its quarterly earnings results on Tuesday, July 19th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.07. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.61 billion. J.B. Hunt Transport Services had a return on equity of 29.82% and a net margin of 6.73%. The firm’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 earnings per share. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 9.61 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Friday, August 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, August 4th. J.B. Hunt Transport Services’s dividend payout ratio is 18.04%.

J.B. Hunt Transport Services Company Profile

(Get Rating)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.

See Also

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

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