J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 78.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,811 shares of the transportation company’s stock after selling 13,855 shares during the quarter. Teacher Retirement System of Texas’ holdings in J.B. Hunt Transport Services were worth $761,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JBHT. VisionPoint Advisory Group LLC increased its position in J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after purchasing an additional 87 shares in the last quarter. Operose Advisors LLC acquired a new stake in J.B. Hunt Transport Services during the 3rd quarter worth approximately $34,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in J.B. Hunt Transport Services during the 3rd quarter worth approximately $36,000. Cary Street Partners Investment Advisory LLC increased its position in J.B. Hunt Transport Services by 505.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock worth $58,000 after purchasing an additional 258 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in J.B. Hunt Transport Services by 26.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock worth $60,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Buying and Selling

In other news, CEO John N. Roberts acquired 6,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, April 26th. The shares were purchased at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the purchase, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other J.B. Hunt Transport Services news, EVP Brian Webb sold 900 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $208.54, for a total value of $187,686.00. Following the sale, the executive vice president now directly owns 15,032 shares of the company’s stock, valued at $3,134,773.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John N. Roberts bought 6,200 shares of the company’s stock in a transaction on Friday, April 26th. The stock was bought at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the transaction, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $157.88 on Friday. The business’s fifty day moving average price is $178.14 and its 200 day moving average price is $190.19. J.B. Hunt Transport Services, Inc. has a 12-month low of $155.43 and a 12-month high of $219.51. The stock has a market capitalization of $16.29 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.81 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.12 billion. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.48 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Analysts Set New Price Targets

A number of analysts recently issued reports on JBHT shares. Stephens dropped their target price on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Susquehanna decreased their price target on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. Barclays decreased their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. UBS Group decreased their price target on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, TD Cowen decreased 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. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $194.24.

J.B. Hunt Transport Services 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.