National Pension Service Has $1.24 Million Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

National Pension Service raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 114.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,368 shares of the transportation company’s stock after acquiring an additional 3,397 shares during the quarter. National Pension Service’s holdings in J.B. Hunt Transport Services were worth $1,238,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC lifted its stake in J.B. Hunt Transport Services by 36.9% in the fourth quarter. Rothschild Investment LLC now owns 5,679 shares of the transportation company’s stock valued at $1,104,000 after acquiring an additional 1,531 shares during the last quarter. Baker Avenue Asset Management LP boosted its stake in shares of J.B. Hunt Transport Services by 13.4% during the 4th quarter. Baker Avenue Asset Management LP now owns 4,844 shares of the transportation company’s stock worth $941,000 after acquiring an additional 573 shares during the period. Huntington National Bank boosted its stake in shares of J.B. Hunt Transport Services by 6.7% during the 4th quarter. Huntington National Bank now owns 798 shares of the transportation company’s stock worth $155,000 after acquiring an additional 50 shares during the period. Studio Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $235,000. Finally, Allstate Corp boosted its stake in shares of J.B. Hunt Transport Services by 127.6% during the 4th quarter. Allstate Corp now owns 5,478 shares of the transportation company’s stock worth $1,065,000 after acquiring an additional 3,071 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $279.46 on Tuesday. The stock has a market capitalization of $26.35 billion, a PE ratio of 43.26, a P/E/G ratio of 2.06 and a beta of 1.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The business has a fifty day moving average price of $239.01 and a two-hundred day moving average price of $215.18. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $279.92.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last announced its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 EPS. As a group, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a yield of 0.6%. J.B. Hunt Transport Services’s payout ratio is currently 27.86%.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total transaction of $516,400.00. Following the completion of the transaction, the executive vice president owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. The trade was a 30.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 4,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total value of $1,017,960.00. Following the transaction, the executive vice president directly owned 8,696 shares of the company’s stock, valued at $2,213,045.04. This trade represents a 31.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 15,916 shares of company stock worth $4,109,634. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on JBHT shares. Truist Financial lifted their target price on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a research note on Thursday, April 16th. Evercore reiterated an “outperform” rating and set a $248.00 target price on shares of J.B. Hunt Transport Services in a research note on Monday, May 11th. Benchmark lifted their target price on J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Raymond James Financial reiterated an “outperform” rating and set a $240.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 15th. Finally, Barclays lifted their target price on J.B. Hunt Transport Services from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $228.17.

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

J.B. Hunt Transport Services Profile

(Free Report)

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.

See Also

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

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