Strs Ohio Has $31.11 Million Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Strs Ohio trimmed its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 17.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,832 shares of the transportation company’s stock after selling 32,003 shares during the quarter. Strs Ohio’s holdings in J.B. Hunt Transport Services were worth $31,114,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JBHT. CYBER HORNET ETFs LLC bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at $32,000. MUFG Securities EMEA plc bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at $34,000. Whittier Trust Co. increased its holdings in J.B. Hunt Transport Services by 39.1% during the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after buying an additional 50 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $285.83 on Friday. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $294.98. The company has a market capitalization of $26.95 billion, a PE ratio of 44.25, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. The company’s 50-day simple moving average is $267.44 and its 200 day simple moving average is $232.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 EPS. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is presently 27.86%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the transaction, the executive vice president owned 790 shares in the company, valued at $225,252.70. This trade represents a 47.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren P. Field sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total value of $1,017,960.00. Following the transaction, the executive vice president owned 8,696 shares in the company, valued at approximately $2,213,045.04. This trade represents a 31.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,119 shares of company stock valued at $4,736,095 in the last quarter. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JBHT. BMO Capital Markets increased their price target on shares of J.B. Hunt Transport Services from $250.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Evercore reissued an “outperform” rating and set a $248.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. Susquehanna upped their price objective on J.B. Hunt Transport Services from $250.00 to $290.00 and gave the company a “positive” rating in a research note on Wednesday, April 22nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 15th. Finally, Benchmark lifted their target price on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $239.87.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.