New York State Common Retirement Fund increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,500 shares of the transportation company’s stock after acquiring an additional 15,400 shares during the period. New York State Common Retirement Fund owned about 0.24% of J.B. Hunt Transport Services worth $29,047,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JBHT. Sei Investments Co. increased its holdings in J.B. Hunt Transport Services by 25.7% during the 2nd quarter. Sei Investments Co. now owns 17,990 shares of the transportation company’s stock worth $1,644,000 after purchasing an additional 3,680 shares during the period. Korea Investment CORP purchased a new stake in J.B. Hunt Transport Services during the 2nd quarter worth about $557,000. Global X Management Co. LLC increased its holdings in J.B. Hunt Transport Services by 14.5% during the 2nd quarter. Global X Management Co. LLC now owns 2,235 shares of the transportation company’s stock worth $204,000 after purchasing an additional 283 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in J.B. Hunt Transport Services by 2.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 390,857 shares of the transportation company’s stock worth $35,717,000 after purchasing an additional 8,462 shares during the period. Finally, Rhumbline Advisers increased its holdings in J.B. Hunt Transport Services by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 187,582 shares of the transportation company’s stock worth $17,141,000 after purchasing an additional 1,627 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on JBHT. BidaskClub upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Saturday. BMO Capital Markets restated a “neutral” rating on shares of J.B. Hunt Transport Services in a report on Friday, December 1st. UBS upgraded J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and upped their price target for the stock from $115.00 to $126.00 in a report on Monday, October 23rd. Buckingham Research started coverage on J.B. Hunt Transport Services in a report on Friday, October 20th. They set a “buy” rating and a $124.00 price target on the stock. Finally, Loop Capital reiterated a “buy” rating and issued a $116.00 price objective on shares of J.B. Hunt Transport Services in a report on Monday, October 16th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $109.41.

J.B. Hunt Transport Services, Inc. (JBHT) opened at $112.51 on Monday. J.B. Hunt Transport Services, Inc. has a 1-year low of $83.35 and a 1-year high of $112.99. The company has a market capitalization of $12,348.20, a PE ratio of 30.57, a PEG ratio of 2.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.48.

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

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

In related news, EVP Bradley W. Hicks sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $110.33, for a total transaction of $110,330.00. Following the transaction, the executive vice president now owns 16,690 shares in the company, valued at approximately $1,841,407.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Earl Wayne Garrison sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $109.29, for a total value of $10,929,000.00. Following the transaction, the director now owns 2,050,000 shares in the company, valued at approximately $224,044,500. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

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J.B. Hunt Transport Services Profile

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.

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

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