Teachers Retirement System of The State of Kentucky Decreases Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,511 shares of the transportation company’s stock after selling 183 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in J.B. Hunt Transport Services were worth $1,042,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 149 shares during the period. Innealta Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $31,000. YHB Investment Advisors Inc. bought a new position in shares of J.B. Hunt Transport Services in the first quarter worth approximately $40,000. nVerses Capital LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth approximately $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of J.B. Hunt Transport Services in the second quarter worth $36,000. 74.95% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Persio V. Lisboa acquired 600 shares of J.B. Hunt Transport Services stock in a transaction on Friday, July 19th. The stock was acquired at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the purchase, the director now owns 3,594 shares in the company, valued at $587,511.18. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the 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 sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Persio V. Lisboa purchased 600 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was acquired at an average price of $163.47 per share, with a total value of $98,082.00. Following the purchase, the director now directly owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Trading Down 1.3 %

Shares of NASDAQ JBHT opened at $164.52 on Friday. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a 50-day moving average of $169.75 and a 200 day moving average of $169.37. The stock has a market cap of $16.98 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15.

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

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.05%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JBHT. Barclays cut their price target on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. Evercore ISI cut their target price on J.B. Hunt Transport Services from $185.00 to $183.00 and set an “outperform” rating on the stock in a research note on Thursday. Benchmark restated a “buy” rating and set a $185.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday. Morgan Stanley dropped their price objective on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Tuesday, September 24th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.06.

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.