J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.0% in the 1st quarter, Holdings Channel reports. The fund owned 6,193 shares of the transportation company’s stock after selling 327 shares during the period. Kentucky Retirement Systems’ holdings in J.B. Hunt Transport Services were worth $1,234,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BOKF NA lifted its position in shares of J.B. Hunt Transport Services by 33.7% during the first quarter. BOKF NA now owns 24,901 shares of the transportation company’s stock worth $4,893,000 after purchasing an additional 6,273 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of J.B. Hunt Transport Services during the first quarter worth about $3,403,000. Quadrature Capital Ltd bought a new position in shares of J.B. Hunt Transport Services during the first quarter worth about $1,751,000. Toronto Dominion Bank lifted its position in shares of J.B. Hunt Transport Services by 2.0% during the first quarter. Toronto Dominion Bank now owns 46,215 shares of the transportation company’s stock worth $9,208,000 after purchasing an additional 926 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC bought a new position in J.B. Hunt Transport Services in the first quarter worth about $897,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Up 0.4 %

Shares of JBHT stock traded up $0.76 during mid-day trading on Friday, reaching $171.54. 711,246 shares of the company’s stock traded hands, compared to its average volume of 1,064,884. 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 price is $160.38 and its 200-day moving average price is $181.04. The company has a quick ratio of 1.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The company has a market cap of $17.70 billion, a P/E ratio of 27.23, a P/E/G ratio of 2.83 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.19). J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the previous year, the company posted $1.81 EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis. On average, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 5.8 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be given a dividend of $0.43 per share. The ex-dividend date is Friday, August 2nd. This represents a $1.72 annualized dividend and a yield of 1.00%. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

Analysts Set New Price Targets

Several research firms have issued reports on JBHT. Bank of America decreased their price target on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. TD Cowen reduced their target price on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. UBS Group reduced their target price 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. StockNews.com raised shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average target price of $181.88.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, Director Persio V. Lisboa bought 600 shares of J.B. Hunt Transport Services stock in a transaction on Friday, July 19th. The shares were bought at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the purchase, the director now directly owns 3,594 shares of the company’s stock, valued at $587,511.18. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services 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.