Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.89 Million Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,937 shares of the transportation company’s stock after selling 602 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in J.B. Hunt Transport Services were worth $2,890,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Royal London Asset Management Ltd. grew its position in shares of J.B. Hunt Transport Services by 3.8% in the 4th quarter. Royal London Asset Management Ltd. now owns 41,617 shares of the transportation company’s stock valued at $7,102,000 after buying an additional 1,525 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth approximately $2,680,000. Thrivent Financial for Lutherans boosted its holdings in J.B. Hunt Transport Services by 111.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company’s stock valued at $163,237,000 after acquiring an additional 503,324 shares during the last quarter. Signaturefd LLC raised its holdings in J.B. Hunt Transport Services by 8.0% during the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company’s stock worth $140,000 after purchasing an additional 61 shares during the last quarter. Finally, Cibc World Markets Corp lifted its position in shares of J.B. Hunt Transport Services by 15.1% in the 4th quarter. Cibc World Markets Corp now owns 12,666 shares of the transportation company’s stock worth $2,162,000 after purchasing an additional 1,659 shares during the period. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $152.02 on Tuesday. The firm has a market capitalization of $15.20 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 52 week low of $144.34 and a 52 week high of $200.40. The stock has a 50 day moving average price of $164.85 and a two-hundred day moving average price of $172.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company posted $1.47 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.44 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.16%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.65%.

Wall Street Analyst Weigh In

JBHT has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They set a “hold” rating and a $167.00 price objective for the company. Wells Fargo & Company lowered their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price on the stock in a research report on Friday, January 3rd. Evercore ISI lowered their target price on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Finally, Raymond James cut their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $186.80.

Insider Activity at J.B. Hunt Transport Services

In related news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

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.