J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock Position Decreased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lessened its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,691 shares of the transportation company’s stock after selling 212 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in J.B. Hunt Transport Services were worth $536,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. YHB Investment Advisors Inc. bought a new position in J.B. Hunt Transport Services in the 1st quarter worth about $40,000. Neo Ivy Capital Management bought a new position in J.B. Hunt Transport Services in the 4th quarter worth about $49,000. Whittier Trust Co. of Nevada Inc. grew its position in J.B. Hunt Transport Services by 99.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the transportation company’s stock worth $53,000 after purchasing an additional 133 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in J.B. Hunt Transport Services in the 1st quarter worth about $54,000. Finally, Harbor Investment Advisory LLC grew its position in J.B. Hunt Transport Services by 75.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 350 shares of the transportation company’s stock worth $70,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Insiders Place Their Bets

In related news, Director Persio V. Lisboa bought 600 shares of the business’s stock in a transaction on Friday, July 19th. The stock was bought at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the transaction, the director now directly owns 3,594 shares in the company, valued at $587,511.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JBHT shares. Loop Capital decreased their price objective on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a report on Thursday, July 18th. Stephens decreased their price objective on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. UBS Group decreased their price objective on shares of 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. Robert W. Baird cut their target price on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Finally, TD Cowen cut their target price on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $181.88.

J.B. Hunt Transport Services Trading Up 0.4 %

Shares of NASDAQ:JBHT traded up $0.76 during mid-day trading on Friday, hitting $171.54. The stock had a trading volume of 711,246 shares, compared to its average volume of 1,064,884. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.21. The company has a market cap of $17.70 billion, a PE ratio of 27.23, a P/E/G ratio of 2.83 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The company’s 50 day moving average is $160.38 and its 200-day moving average is $181.04.

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 the consensus estimate of $1.51 by ($0.19). The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations 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 was down 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.81 EPS. On average, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 5.8 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a yield of 1.00%. J.B. Hunt Transport Services’s 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.