Public Employees Retirement Association of Colorado Sells 19,463 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Public Employees Retirement Association of Colorado decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 16.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,165 shares of the transportation company’s stock after selling 19,463 shares during the period. Public Employees Retirement Association of Colorado owned 0.10% of J.B. Hunt Transport Services worth $16,026,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock worth $1,946,628,000 after buying an additional 25,109 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in J.B. Hunt Transport Services by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock worth $231,416,000 after acquiring an additional 5,179 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after purchasing an additional 193,684 shares during the period. FIL Ltd increased its stake in J.B. Hunt Transport Services by 15.7% in the fourth quarter. FIL Ltd now owns 887,836 shares of the transportation company’s stock valued at $177,336,000 after purchasing an additional 120,202 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of J.B. Hunt Transport Services by 1.5% during the fourth quarter. Stifel Financial Corp now owns 608,148 shares of the transportation company’s stock valued at $121,472,000 after purchasing an additional 8,872 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

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

In other news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Persio V. Lisboa acquired 600 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was purchased at an average cost of $163.47 per share, with a total value of $98,082.00. Following the acquisition, the director now owns 3,594 shares in the company, valued at approximately $587,511.18. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Benchmark decreased their target price on J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. TD Cowen lowered their target price on J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. Loop Capital cut their target price on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Wells Fargo & Company started coverage on shares of J.B. Hunt Transport Services in a research note on Friday, June 7th. They set an “overweight” rating and a $185.00 price target for the company. Finally, Morgan Stanley dropped their price objective on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Monday, July 8th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $181.88.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $169.01 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The firm has a market cap of $17.44 billion, a PE ratio of 26.83, a P/E/G ratio of 2.84 and a beta of 1.15. The business has a 50 day moving average of $169.07 and a 200-day moving average of $171.59. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.81 EPS. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.02%. The ex-dividend date was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio is 27.30%.

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.