New York State Teachers Retirement System Reduces Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

New York State Teachers Retirement System decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,658 shares of the transportation company’s stock after selling 1,184 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of J.B. Hunt Transport Services worth $9,716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in J.B. Hunt Transport Services by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company’s stock valued at $1,486,670,000 after buying an additional 195,873 shares during the period. JPMorgan Chase & Co. grew its holdings in J.B. Hunt Transport Services by 14.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company’s stock valued at $718,015,000 after buying an additional 616,986 shares during the period. Wellington Management Group LLP grew its holdings in J.B. Hunt Transport Services by 11.5% in the 1st quarter. Wellington Management Group LLP now owns 1,408,057 shares of the transportation company’s stock valued at $208,322,000 after buying an additional 144,666 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in J.B. Hunt Transport Services by 2.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,347,508 shares of the transportation company’s stock valued at $199,364,000 after buying an additional 27,871 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in J.B. Hunt Transport Services by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,201,423 shares of the transportation company’s stock valued at $177,738,000 after buying an additional 20,396 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the transaction, the executive vice president directly owned 946 shares of the company’s stock, valued at $143,763.62. This represents a 51.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Eric Mcgee bought 1,148 shares of the business’s stock in a transaction on Monday, August 4th. The stock was acquired at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the transaction, the executive vice president owned 7,397 shares in the company, valued at $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. TD Cowen lifted their price target on J.B. Hunt Transport Services from $140.00 to $152.00 and gave the company a “hold” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 8th. Truist Financial lifted their price objective on J.B. Hunt Transport Services from $145.00 to $155.00 and gave the company a “hold” rating in a research note on Thursday. Barclays lifted their price objective on J.B. Hunt Transport Services from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on J.B. Hunt Transport Services from $170.00 to $176.00 and gave the company an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.55.

Check Out Our Latest Research Report on J.B. Hunt Transport Services

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $164.85 on Monday. The stock’s 50 day moving average price is $141.14 and its 200 day moving average price is $141.09. The firm has a market capitalization of $15.96 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.29 and a beta of 1.24. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last released its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the company posted $1.49 EPS. J.B. Hunt Transport Services’s revenue for the quarter was down .5% on a year-over-year basis. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 30.50%.

J.B. Hunt Transport Services Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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