618 Shares in J.B. Hunt Transport Services, Inc. $JBHT Acquired by Employees Retirement System of Texas

Employees Retirement System of Texas acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 618 shares of the transportation company’s stock, valued at approximately $89,000.

Other institutional investors also recently bought and sold shares of the company. Allianz Asset Management GmbH increased its position in shares of J.B. Hunt Transport Services by 25.8% in the first quarter. Allianz Asset Management GmbH now owns 5,466 shares of the transportation company’s stock valued at $809,000 after buying an additional 1,122 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in J.B. Hunt Transport Services by 9.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,726 shares of the transportation company’s stock valued at $699,000 after acquiring an additional 406 shares in the last quarter. Cetera Investment Advisers raised its position in J.B. Hunt Transport Services by 104.2% during the first quarter. Cetera Investment Advisers now owns 17,319 shares of the transportation company’s stock worth $2,562,000 after acquiring an additional 8,839 shares during the last quarter. Mackenzie Financial Corp raised its position in J.B. Hunt Transport Services by 7.7% during the first quarter. Mackenzie Financial Corp now owns 9,411 shares of the transportation company’s stock worth $1,392,000 after acquiring an additional 672 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of J.B. Hunt Transport Services in the first quarter valued at about $583,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $173.95 on Friday. The stock has a fifty day moving average price of $156.46 and a 200 day moving average price of $148.26. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $192.42. The firm has a market capitalization of $16.56 billion, a P/E ratio of 30.15, a PEG ratio of 2.33 and a beta of 1.27. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the previous year, the business earned $1.49 EPS. The firm’s revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.76 annualized dividend and a yield of 1.0%. J.B. Hunt Transport Services’s dividend payout ratio is 30.50%.

J.B. Hunt Transport Services announced that its board has approved a share repurchase program on Wednesday, October 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on JBHT shares. Raymond James Financial lifted their price objective on J.B. Hunt Transport Services from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Citigroup cut their price target on J.B. Hunt Transport Services from $170.00 to $163.00 and set a “buy” rating for the company in a report on Monday, October 13th. Stifel Nicolaus increased their price objective on J.B. Hunt Transport Services from $140.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, October 16th. Susquehanna boosted their target price on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Finally, Benchmark upped their target price on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.30.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $169.00, for a total value of $1,098,500.00. Following the transaction, the executive vice president owned 12,976 shares in the company, valued at $2,192,944. This trade represents a 33.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by corporate insiders.

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.