J B Hunt Transport Services Inc (JBHT) Position Trimmed by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System trimmed its position in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 1.4% during the first quarter, Holdings Channel reports. The institutional investor owned 129,900 shares of the transportation company’s stock after selling 1,847 shares during the period. State Board of Administration of Florida Retirement System’s holdings in J B Hunt Transport Services were worth $13,158,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FTB Advisors Inc. acquired a new position in shares of J B Hunt Transport Services in the first quarter valued at $25,000. CWM LLC increased its holdings in shares of J B Hunt Transport Services by 59.5% in the fourth quarter. CWM LLC now owns 276 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 103 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of J B Hunt Transport Services by 72.6% in the fourth quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 127 shares during the last quarter. Somerset Trust Co increased its holdings in shares of J B Hunt Transport Services by 169.1% in the first quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 186 shares during the last quarter. Finally, CSat Investment Advisory L.P. increased its holdings in shares of J B Hunt Transport Services by 116.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 71.82% of the company’s stock.

In related news, EVP Nicholas Hobbs sold 3,000 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $112.04, for a total transaction of $336,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Charles George acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $94.52 per share, with a total value of $472,600.00. Following the transaction, the director now directly owns 43,369 shares of the company’s stock, valued at $4,099,237.88. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.

Shares of JBHT stock traded up $1.26 on Friday, hitting $97.81. The company’s stock had a trading volume of 11,110 shares, compared to its average volume of 1,274,585. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.44. J B Hunt Transport Services Inc has a fifty-two week low of $88.38 and a fifty-two week high of $131.74. The company has a market capitalization of $10.39 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.16). J B Hunt Transport Services had a net margin of 5.61% and a return on equity of 29.84%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the company posted $1.07 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that J B Hunt Transport Services Inc will post 5.69 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a $0.26 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.06%. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 18.34%.

Several equities analysts have commented on the stock. BidaskClub upgraded shares of J B Hunt Transport Services from a “strong sell” rating to a “sell” rating in a report on Friday, March 29th. Barclays decreased their price objective on shares of J B Hunt Transport Services from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Thursday, April 4th. Stifel Nicolaus decreased their price objective on shares of J B Hunt Transport Services from $115.00 to $107.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. ValuEngine downgraded shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research downgraded shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $115.89.

TRADEMARK VIOLATION NOTICE: “J B Hunt Transport Services Inc (JBHT) Position Trimmed by State Board of Administration of Florida Retirement System” was first posted by Modern Readers and is owned by of Modern Readers. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://www.modernreaders.com/news/2019/05/17/j-b-hunt-transport-services-inc-jbht-position-trimmed-by-state-board-of-administration-of-florida-retirement-system.html.

J B Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

Recommended Story: Economic Reports

Want to see what other hedge funds are holding JBHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J B Hunt Transport Services Inc (NASDAQ:JBHT).

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

Receive News & Ratings for J B Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.