Kentucky Retirement Systems Sells 76 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Kentucky Retirement Systems reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,537 shares of the transportation company’s stock after selling 76 shares during the quarter. Kentucky Retirement Systems’ holdings in J.B. Hunt Transport Services were worth $945,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of JBHT. Paloma Partners Management Co grew its stake in shares of J.B. Hunt Transport Services by 14,254.9% during the third quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock valued at $32,035,000 after purchasing an additional 184,601 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of J.B. Hunt Transport Services by 2,384.8% during the third quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock valued at $25,297,000 after purchasing an additional 149,815 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of J.B. Hunt Transport Services by 155.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock valued at $37,689,000 after purchasing an additional 134,476 shares during the last quarter. Parnassus Investments LLC grew its stake in shares of J.B. Hunt Transport Services by 14.1% during the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock valued at $129,765,000 after purchasing an additional 93,213 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $15,149,000. 74.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JBHT has been the topic of several research analyst reports. Susquehanna raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price target on the stock in a research note on Friday, January 3rd. Barclays raised their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. UBS Group reduced their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Stephens reaffirmed an “overweight” rating and issued a $205.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Finally, Stifel Nicolaus reduced their price objective on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research note on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.11.

Insider Buying and Selling

In related news, EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the sale, the executive vice president now directly owns 700 shares in the company, valued at $127,904. This trade represents a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,545 shares of company stock worth $1,898,942 over the last ninety days. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Trading Down 3.0 %

JBHT opened at $162.69 on Tuesday. The firm’s fifty day moving average is $172.11 and its two-hundred day moving average is $174.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The firm has a market cap of $16.40 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 1.61 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $213.21.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.47 earnings per share. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.08%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.65%.

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.