Public Employees Retirement System of Ohio Invests $7.24 Million in J.B. Hunt Transport Services, Inc. $JBHT

Public Employees Retirement System of Ohio purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 25,011 shares of the transportation company’s stock, valued at approximately $7,239,000.

Other hedge funds have also bought and sold shares of the company. Summitry LLC lifted its holdings in shares of J.B. Hunt Transport Services by 2.9% during the first quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 44 shares during the last quarter. Keybank National Association OH grew its stake in shares of J.B. Hunt Transport Services by 2.7% in the 1st quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock worth $374,000 after buying an additional 46 shares during the last quarter. Root Financial Partners LLC increased its position in J.B. Hunt Transport Services by 25.4% during the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock valued at $45,000 after buying an additional 47 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in J.B. Hunt Transport Services by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock valued at $1,827,000 after buying an additional 47 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake 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 valued at $37,000 after buying an additional 48 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 3.4%

Shares of NASDAQ:JBHT opened at $256.48 on Wednesday. The stock’s 50-day simple moving average is $276.91 and its two-hundred day simple moving average is $253.13. The stock has a market capitalization of $24.09 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 1.67 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $299.76. The company has a debt-to-equity ratio of 0.31, 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, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.20. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 EPS. Analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.45 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.50%.

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

In other news, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, the executive vice president owned 15,881 shares in the company, valued at $4,510,362.81. This trade represents a 8.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David Keefauver sold 703 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the sale, the executive vice president directly owned 790 shares of the company’s stock, valued at approximately $225,252.70. The trade was a 47.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on JBHT. Stifel Nicolaus boosted their target price on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Benchmark upped their price target on shares of 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. Truist Financial raised their price objective on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Citizens Jmp started coverage on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, Barclays raised their price target on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services 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.