J.B. Hunt Transport Services, Inc. $JBHT Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System lifted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 37,492.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,209,198 shares of the transportation company's stock after purchasing an additional 33,120,858 shares during the period. California State Teachers Retirement System owned approximately 35.36% of J.B. Hunt Transport Services worth $9,611,738,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JBHT. Ameritas Advisory Services LLC purchased a new stake in J.B. Hunt Transport Services during the second quarter valued at about $1,230,000. Wedmont Private Capital acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $224,000. HB Wealth Management LLC boosted its stake in J.B. Hunt Transport Services by 12.4% in the 2nd quarter. HB Wealth Management LLC now owns 7,659 shares of the transportation company's stock worth $2,217,000 after purchasing an additional 847 shares during the period. Saudi Central Bank boosted its stake in J.B. Hunt Transport Services by 88.4% in the 2nd quarter. Saudi Central Bank now owns 5,298 shares of the transportation company's stock worth $1,533,000 after purchasing an additional 2,486 shares during the period. Finally, AlphaGrep UK Ltd purchased a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $968,000. Institutional investors and hedge funds own 74.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on JBHT shares. Citizens Jmp assumed coverage on J.B. Hunt Transport Services in a report on Wednesday, July 15th. They issued a "market perform" rating for the company. Sanford C. Bernstein reissued an "outperform" rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Robert W. Baird increased their price objective on J.B. Hunt Transport Services from $290.00 to $320.00 and gave the stock an "outperform" rating in a research note on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price objective on J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, Raymond James Financial lifted their target price on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average price target of $286.30.

J.B. Hunt Transport Services Trading Up 0.4%

J.B. Hunt Transport Services stock opened at $274.78 on Wednesday. The company's fifty day simple moving average is $275.86 and its 200-day simple moving average is $254.81. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The stock has a market cap of $25.81 billion, a P/E ratio of 38.92, a P/E/G ratio of 2.07 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.20. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. J.B. Hunt Transport Services's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.31 earnings per share. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services's dividend payout ratio is presently 25.50%.

About J.B. Hunt Transport Services

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.

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