14,094 Shares in J.B. Hunt Transport Services, Inc. (JBHT) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,094 shares of the transportation company’s stock, valued at approximately $1,566,000.

Other hedge funds have also added to or reduced their stakes in the company. Sustainable Growth Advisers LP acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $147,610,000. Bank of New York Mellon Corp raised its holdings in shares of J.B. Hunt Transport Services by 25.0% during the second quarter. Bank of New York Mellon Corp now owns 2,655,290 shares of the transportation company’s stock valued at $242,640,000 after acquiring an additional 531,089 shares during the period. Atlanta Capital Management Co. L L C raised its holdings in shares of J.B. Hunt Transport Services by 15.4% during the second quarter. Atlanta Capital Management Co. L L C now owns 3,568,728 shares of the transportation company’s stock valued at $326,110,000 after acquiring an additional 477,144 shares during the period. Renaissance Technologies LLC raised its holdings in shares of J.B. Hunt Transport Services by 65.4% during the second quarter. Renaissance Technologies LLC now owns 1,034,544 shares of the transportation company’s stock valued at $94,537,000 after acquiring an additional 409,200 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of J.B. Hunt Transport Services by 121.1% during the second quarter. Janus Henderson Group PLC now owns 626,522 shares of the transportation company’s stock valued at $57,252,000 after acquiring an additional 343,147 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

JBHT has been the topic of a number of recent analyst reports. BMO Capital Markets restated a “neutral” rating on shares of J.B. Hunt Transport Services in a report on Friday, December 1st. Zacks Investment Research upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Tuesday, September 19th. Cowen reiterated a “buy” rating and issued a $102.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, August 25th. Loop Capital reiterated a “buy” rating and issued a $116.00 price objective (up previously from $103.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 4th. Finally, Stifel Nicolaus dropped their price objective on shares of J.B. Hunt Transport Services from $114.00 to $111.00 and set a “buy” rating on the stock in a research note on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. J.B. Hunt Transport Services presently has an average rating of “Buy” and a consensus target price of $109.41.

In other J.B. Hunt Transport Services news, EVP Terrence D. Matthews sold 2,694 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $101.00, for a total value of $272,094.00. Following the completion of the sale, the executive vice president now directly owns 21,140 shares of the company’s stock, valued at approximately $2,135,140. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Earl Wayne Garrison sold 100,000 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $109.29, for a total transaction of $10,929,000.00. Following the completion of the sale, the director now directly owns 2,050,000 shares of the company’s stock, valued at $224,044,500. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services, Inc. (JBHT) traded up $1.19 during midday trading on Thursday, hitting $111.60. 668,663 shares of the company traded hands, compared to its average volume of 945,992. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.74. The company has a market cap of $11,993.69, a P/E ratio of 29.70, a P/E/G ratio of 2.23 and a beta of 1.06. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $83.35 and a fifty-two week high of $112.50.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Friday, October 13th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.05). The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. J.B. Hunt Transport Services had a return on equity of 28.90% and a net margin of 6.05%. J.B. Hunt Transport Services’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 3.76 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 3rd were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Thursday, November 2nd. J.B. Hunt Transport Services’s dividend payout ratio is currently 24.47%.

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About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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