Louisiana State Employees Retirement System Decreases Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Louisiana State Employees Retirement System lowered its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,500 shares of the transportation company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in J.B. Hunt Transport Services were worth $775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JBHT. Greenleaf Trust raised its holdings in shares of J.B. Hunt Transport Services by 4.0% in the third quarter. Greenleaf Trust now owns 1,599 shares of the transportation company’s stock worth $276,000 after buying an additional 62 shares during the period. Studio Investment Management LLC lifted its holdings in shares of J.B. Hunt Transport Services by 6.6% during the 2nd quarter. Studio Investment Management LLC now owns 1,013 shares of the transportation company’s stock valued at $162,000 after purchasing an additional 63 shares during the last quarter. New Century Financial Group LLC boosted its position in shares of J.B. Hunt Transport Services by 3.9% in the 3rd quarter. New Century Financial Group LLC now owns 1,725 shares of the transportation company’s stock worth $297,000 after purchasing an additional 64 shares in the last quarter. Cromwell Holdings LLC grew its stake in shares of J.B. Hunt Transport Services by 47.2% during the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock worth $41,000 after acquiring an additional 76 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in J.B. Hunt Transport Services by 3.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,310 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.6 %

Shares of JBHT stock opened at $181.99 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The stock has a market cap of $18.35 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 3.10 and a beta of 1.14. The firm’s 50 day moving average price is $172.34 and its two-hundred day moving average price is $166.60. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period in the previous year, the company posted $1.80 earnings per share. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.68 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.95%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on JBHT shares. Citigroup started coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 9th. They set a “buy” rating and a $201.00 price target for the company. Susquehanna increased their price target on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. TD Cowen lifted their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and set a $185.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Bank of America boosted their price objective on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $187.56.

Insider Activity

In related news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction that occurred 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 owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Darren P. Field sold 1,500 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.