New York State Common Retirement Fund Trims Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

New York State Common Retirement Fund lowered its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,845 shares of the transportation company's stock after selling 9,482 shares during the period. New York State Common Retirement Fund owned approximately 0.11% of J.B. Hunt Transport Services worth $22,939,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. CWM LLC lifted its holdings in shares of J.B. Hunt Transport Services by 28.6% during the 3rd quarter. CWM LLC now owns 2,277 shares of the transportation company's stock worth $429,000 after acquiring an additional 506 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $45,000. Czech National Bank lifted its holdings in shares of J.B. Hunt Transport Services by 45.4% during the 3rd quarter. Czech National Bank now owns 14,269 shares of the transportation company's stock worth $2,690,000 after acquiring an additional 4,454 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of J.B. Hunt Transport Services by 6.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 37,081 shares of the transportation company's stock worth $6,991,000 after acquiring an additional 2,229 shares during the period. Finally, Uncommon Cents Investing LLC lifted its holdings in shares of J.B. Hunt Transport Services by 30.1% during the 3rd quarter. Uncommon Cents Investing LLC now owns 2,655 shares of the transportation company's stock worth $501,000 after acquiring an additional 615 shares during the period. Institutional investors own 74.95% of the company's stock.

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

In other news, EVP Eric Mcgee sold 3,800 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.56, for a total transaction of $807,728.00. Following the completion of the sale, the executive vice president now directly owns 464 shares in the company, valued at $98,627.84. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Eric Mcgee sold 3,800 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.56, for a total transaction of $807,728.00. Following the completion of the sale, the executive vice president now directly owns 464 shares in the company, valued at $98,627.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO John Kuhlow sold 3,500 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total transaction of $745,500.00. Following the sale, the chief financial officer now owns 10,537 shares of the company's stock, valued at $2,244,381. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,454 shares of company stock worth $3,283,219. 2.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Trading Down 1.1 %

NASDAQ JBHT traded down $1.73 on Friday, hitting $162.01. The company's stock had a trading volume of 1,241,232 shares, compared to its average volume of 997,345. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a 1-year low of $160.07 and a 1-year high of $219.51. The company's 50-day moving average is $192.83 and its 200 day moving average is $192.06. The firm has a market cap of $16.74 billion, a PE ratio of 25.72, a PEG ratio of 2.15 and a beta of 1.11.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 27.30%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays cut their price target on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an "equal weight" rating for the company in a report on Wednesday, April 17th. TD Cowen dropped their price objective on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a "hold" rating for the company in a research note on Wednesday, April 17th. Stifel Nicolaus dropped their price objective on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a "hold" rating for the company in a research note on Wednesday, April 17th. Benchmark reissued a "buy" rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. Finally, BMO Capital Markets dropped their price objective on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average target price of $194.24.

J.B. Hunt Transport Services 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.