45,000 Shares in J.B. Hunt Transport Services, Inc. $JBHT Purchased by Strs Ohio

Key Points

• Strs Ohio invested approximately $6.66 million in J.B. Hunt Transport Services, purchasing 45,000 shares of the transportation company's stock.
• As of now, 74.95% of J.B. Hunt's stock is owned by institutional investors and hedge funds, indicating a significant interest from large investment entities.
• J.B. Hunt's shares recently decreased by 2.5%, with the company experiencing a miss in earnings per share expectations for the last quarter.

Strs Ohio acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 45,000 shares of the transportation company's stock, valued at approximately $6,658,000.

A number of other hedge funds have also recently added to or reduced their stakes in JBHT. Summit Securities Group LLC boosted its holdings in J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock worth $29,000 after purchasing an additional 196 shares during the period. Allworth Financial LP boosted its holdings in J.B. Hunt Transport Services by 167.0% in the first quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock worth $35,000 after purchasing an additional 147 shares during the period. National Pension Service boosted its holdings in J.B. Hunt Transport Services by 74.9% in the first quarter. National Pension Service now owns 306 shares of the transportation company's stock worth $45,000 after purchasing an additional 131 shares during the period. TD Private Client Wealth LLC boosted its holdings in J.B. Hunt Transport Services by 49.3% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after purchasing an additional 109 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in J.B. Hunt Transport Services by 34.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company's stock valued at $71,000 after buying an additional 123 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Susquehanna raised their target price on J.B. Hunt Transport Services from $155.00 to $157.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. UBS Group cut J.B. Hunt Transport Services from a "buy" rating to a "neutral" rating and raised their target price for the company from $155.00 to $157.00 in a research note on Friday, September 5th. Robert W. Baird assumed coverage on J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 target price on the stock. Barclays raised their target price on J.B. Hunt Transport Services from $135.00 to $145.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Finally, Stifel Nicolaus cut their target price on J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating on the stock in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $164.14.

Insider Activity

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the sale, the executive vice president directly owned 946 shares in the company, valued at approximately $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric Mcgee purchased 1,148 shares of the company's stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the transaction, the executive vice president owned 7,397 shares of the company's stock, valued at $1,041,201.72. This represents a 18.37% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $1.64 during midday trading on Friday, hitting $133.43. The company's stock had a trading volume of 370,431 shares, compared to its average volume of 1,119,626. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. The stock's 50-day moving average price is $144.34 and its 200-day moving average price is $143.01. 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 market capitalization of $12.92 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.03). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the firm posted $1.32 earnings per share. J.B. Hunt Transport Services's revenue was up .0% compared to the same quarter last year. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.44 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.76 annualized dividend and a yield of 1.3%. J.B. Hunt Transport Services's payout ratio is 32.00%.

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.