Public Employees Retirement System of Ohio Sells 1,985 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Public Employees Retirement System of Ohio cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,527 shares of the transportation company's stock after selling 1,985 shares during the period. Public Employees Retirement System of Ohio's holdings in J.B. Hunt Transport Services were worth $5,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in J.B. Hunt Transport Services by 2.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 617,602 shares of the transportation company's stock worth $105,400,000 after purchasing an additional 16,841 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 2,408.1% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company's stock valued at $36,502,000 after acquiring an additional 205,360 shares in the last quarter. Sovereign s Capital Management LLC bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $760,000. Twinbeech Capital LP bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $393,000. Finally, Two Sigma Advisers LP increased its stake in shares of J.B. Hunt Transport Services by 201.3% in the 4th quarter. Two Sigma Advisers LP now owns 48,200 shares of the transportation company's stock valued at $8,226,000 after acquiring an additional 32,200 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

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

In related news, COO Nicholas Hobbs purchased 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 23rd. The stock was bought 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 owns 91,847 shares in the company, valued at $12,008,995.25. This represents a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares of the company's stock, valued at $2,881,282.74. This represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on JBHT shares. JPMorgan Chase & Co. decreased their price target on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. 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 research report on Monday. Sanford C. Bernstein set a $148.00 target price on J.B. Hunt Transport Services and gave the company a "market perform" rating in a research report on Wednesday, April 16th. Citigroup decreased their price objective on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, TD Cowen decreased their price objective on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.90.

J.B. Hunt Transport Services Stock Down 1.6%

Shares of NASDAQ JBHT traded down $2.20 during trading on Monday, hitting $136.65. The stock had a trading volume of 1,084,458 shares, compared to its average volume of 991,698. 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 debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The firm has a fifty day moving average of $137.37 and a two-hundred day moving average of $159.05. The company has a market capitalization of $13.55 billion, a PE ratio of 24.58, a PEG ratio of 1.61 and a beta of 1.33.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is presently 31.94%.

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.