Kentucky Retirement Systems Insurance Trust Fund Makes New $349,000 Investment in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,357 shares of the transportation company's stock, valued at approximately $349,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its holdings in J.B. Hunt Transport Services by 428.4% during the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock worth $215,610,000 after buying an additional 1,024,295 shares during the period. Norges Bank acquired a new stake in J.B. Hunt Transport Services during the 4th quarter worth approximately $146,618,000. Demars Financial Group LLC raised its holdings in J.B. Hunt Transport Services by 16,964.6% during the 4th quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock worth $104,113,000 after buying an additional 606,484 shares during the period. Thrivent Financial for Lutherans raised its holdings in J.B. Hunt Transport Services by 111.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock worth $163,237,000 after buying an additional 503,324 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its holdings in J.B. Hunt Transport Services by 2,408.1% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company's stock worth $36,502,000 after buying an additional 205,360 shares during the period. Institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Up 1.4%

Shares of NASDAQ:JBHT traded up $2.06 during midday trading on Friday, hitting $145.34. The stock had a trading volume of 900,781 shares, compared to its average volume of 994,576. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. The business's 50-day simple moving average is $138.76 and its 200-day simple moving average is $153.29. The company has a market cap of $14.42 billion, a P/E ratio of 26.38, a PEG ratio of 1.97 and a beta of 1.30.

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 for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 14.07%. The business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. On average, sell-side 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.44 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.21%. J.B. Hunt Transport Services's dividend payout ratio is presently 31.94%.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays dropped 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. Bank of America raised their target price on shares of J.B. Hunt Transport Services from $150.00 to $166.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Citigroup dropped their target price on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Truist Financial dropped their target price on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $164.00 price objective on shares of J.B. Hunt Transport Services in a report on Monday, June 2nd. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $162.65.

Insider Activity at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs purchased 1,529 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the purchase, the chief operating officer now owns 91,847 shares in the company, valued at approximately $12,008,995.25. This represents a 1.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by company 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.