California Public Employees Retirement System Cuts Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

California Public Employees Retirement System reduced its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 149,164 shares of the transportation company’s stock after selling 4,203 shares during the quarter. California Public Employees Retirement System owned about 0.14% of J.B. Hunt Transport Services worth $29,794,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Aviva PLC raised its position in shares of J.B. Hunt Transport Services by 45.3% in the 3rd quarter. Aviva PLC now owns 52,155 shares of the transportation company’s stock worth $9,832,000 after buying an additional 16,249 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of J.B. Hunt Transport Services by 3.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 36,442 shares of the transportation company’s stock worth $6,870,000 after buying an additional 1,331 shares during the period. International Assets Investment Management LLC purchased a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth $11,513,000. Natixis Advisors L.P. raised its position in shares of J.B. Hunt Transport Services by 38.4% in the 3rd quarter. Natixis Advisors L.P. now owns 41,835 shares of the transportation company’s stock worth $7,887,000 after buying an additional 11,613 shares during the period. Finally, Comerica Bank raised its position in shares of J.B. Hunt Transport Services by 284.4% in the 3rd quarter. Comerica Bank now owns 43,321 shares of the transportation company’s stock worth $8,167,000 after buying an additional 32,052 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 1.1 %

NASDAQ:JBHT opened at $162.01 on Friday. The company has a market capitalization of $16.74 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. J.B. Hunt Transport Services, Inc. has a one year low of $160.07 and a one year high of $219.51. The stock has a 50-day simple moving average of $192.83 and a 200 day simple moving average of $192.06. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.26.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a yield of 1.06%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

Analysts Set New Price Targets

JBHT has been the subject of several recent research reports. Robert W. Baird lowered their price target on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Bank of America lowered their price target on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. TD Cowen lowered their price target on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Loop Capital lowered their price target on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. lowered their price target on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $194.24.

Insider Buying and Selling

In other news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $1,014,950. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer bought 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Kuhlow sold 3,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $213.00, for a total value of $745,500.00. Following the sale, the chief financial officer now directly owns 10,537 shares in the company, valued at approximately $2,244,381. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,454 shares of company stock worth $3,283,219. Corporate insiders own 2.10% of the company’s stock.

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.