California State Teachers Retirement System Has $9.61 Billion Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

California State Teachers Retirement System grew its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 37,492.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,209,198 shares of the transportation company’s stock after acquiring an additional 33,120,858 shares during the period. California State Teachers Retirement System owned 0.35% of J.B. Hunt Transport Services worth $9,611,738,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in JBHT. CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth $31,000. International Assets Investment Management LLC bought a new position in J.B. Hunt Transport Services during the fourth quarter valued at about $32,000. MUFG Securities EMEA plc acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter worth about $34,000. CIBC Private Wealth Group LLC lifted its position in shares of J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after buying an additional 48 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter worth about $42,000. 74.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on JBHT shares. JPMorgan Chase & Co. increased their price objective on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Raymond James Financial boosted their target price on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Morgan Stanley reaffirmed an “underweight” rating and set a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 6th. Wells Fargo & Company increased their price target on J.B. Hunt Transport Services from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Truist Financial raised their target price 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. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services Stock Up 0.4%

Shares of JBHT stock opened at $274.78 on Wednesday. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The firm has a market cap of $25.81 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. The stock has a 50 day moving average of $275.86 and a 200-day moving average of $254.81.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the company posted $1.31 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% on a year-over-year basis. On average, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business 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. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 25.50%.

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.