California State Teachers Retirement System Sells 10,354 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

California State Teachers Retirement System reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,162 shares of the transportation company's stock after selling 10,354 shares during the quarter. California State Teachers Retirement System owned 0.10% of J.B. Hunt Transport Services worth $16,582,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. National Pension Service bought a new stake in J.B. Hunt Transport Services in the 4th quarter valued at $30,000. BankPlus Trust Department bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth about $34,000. EverSource Wealth Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after purchasing an additional 134 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after purchasing an additional 86 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services by 140.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock worth $62,000 after purchasing an additional 212 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on JBHT. Barclays lowered their target price on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $164.00 target price on shares of J.B. Hunt Transport Services in a report on Monday. Benchmark reaffirmed a "buy" rating and issued a $175.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Stephens lowered their target price on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Susquehanna set a $140.00 price target on shares of J.B. Hunt Transport Services and gave the stock a "neutral" rating in a research report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $161.90.

J.B. Hunt Transport Services Trading Down 0.4%

J.B. Hunt Transport Services stock traded down $0.52 during trading hours on Wednesday, reaching $140.11. 790,281 shares of the company's stock traded hands, compared to its average volume of 992,207. 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, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 1.61 and a beta of 1.33. The firm's 50 day moving average is $137.05 and its 200-day moving average is $158.79.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. On average, analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.44 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.26%. J.B. Hunt Transport Services's dividend payout ratio is 31.94%.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. This trade represents a 6.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Nicholas Hobbs purchased 1,529 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the transaction, the chief operating officer now directly owns 91,847 shares in the company, valued at $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Company 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.