Teacher Retirement System of Texas Makes New $1.75 Million Investment in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Teacher Retirement System of Texas purchased 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 & Exchange Commission. The fund purchased 11,801 shares of the transportation company's stock, valued at approximately $1,746,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Signaturefd LLC lifted its position in shares of J.B. Hunt Transport Services by 8.0% in the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock worth $140,000 after buying an additional 61 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of J.B. Hunt Transport Services by 13.2% in the first quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock worth $108,000 after buying an additional 85 shares during the last quarter. Wahed Invest LLC lifted its position in shares of J.B. Hunt Transport Services by 4.6% in the fourth quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock worth $355,000 after buying an additional 91 shares during the last quarter. Man Group plc lifted its position in shares of J.B. Hunt Transport Services by 0.9% in the fourth quarter. Man Group plc now owns 11,165 shares of the transportation company's stock worth $1,905,000 after buying an additional 98 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of J.B. Hunt Transport Services by 10.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,199 shares of the transportation company's stock worth $205,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs acquired 1,529 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were acquired at an average cost of $130.75 per share, with a total value of $199,916.75. Following the completion of the acquisition, the chief operating officer directly owned 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JBHT. Baird R W raised J.B. Hunt Transport Services to a "strong-buy" rating in a research report on Tuesday, July 1st. Citigroup boosted their price objective on J.B. Hunt Transport Services from $156.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday. TD Cowen cut 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 research report on Wednesday, April 16th. Benchmark reissued a "buy" rating and set a $175.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Finally, Robert W. Baird began coverage on J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They set an "outperform" rating and a $169.00 price objective for the company. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and an average target price of $163.43.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $153.57 on Friday. 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 current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $15.23 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 2.21 and a beta of 1.29. The firm has a fifty day simple moving average of $142.98 and a two-hundred day simple moving average of $152.06.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 14.07%. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

About J.B. Hunt Transport Services

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.

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