Louisiana State Employees Retirement System Sells 300 Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT)

Louisiana State Employees Retirement System trimmed its stake in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 6.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,100 shares of the transportation company’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in J B Hunt Transport Services were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. FTB Advisors Inc. grew its stake in J B Hunt Transport Services by 49.2% during the second quarter. FTB Advisors Inc. now owns 373 shares of the transportation company’s stock worth $34,000 after purchasing an additional 123 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in J B Hunt Transport Services in the second quarter valued at approximately $46,000. CWM LLC grew its stake in J B Hunt Transport Services by 122.0% in the second quarter. CWM LLC now owns 637 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 350 shares during the period. CSat Investment Advisory L.P. grew its stake in J B Hunt Transport Services by 99.1% in the second quarter. CSat Investment Advisory L.P. now owns 639 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 318 shares during the period. Finally, North Star Investment Management Corp. acquired a new stake in J B Hunt Transport Services in the third quarter valued at approximately $111,000. Institutional investors own 75.43% of the company’s stock.

JBHT has been the subject of a number of research reports. Citigroup set a $120.00 price objective on J B Hunt Transport Services and gave the company a “hold” rating in a research note on Thursday, September 12th. Goldman Sachs Group cut J B Hunt Transport Services from a “buy” rating to a “neutral” rating and set a $115.00 target price on the stock. in a research report on Friday, November 1st. Stephens set a $124.00 target price on J B Hunt Transport Services and gave the company a “buy” rating in a research report on Friday, September 27th. UBS Group lifted their price target on J B Hunt Transport Services from $98.00 to $114.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $106.00 price target (up from $101.00) on shares of J B Hunt Transport Services in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $110.00.

In other news, EVP Darren P. Field sold 3,800 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $115.58, for a total value of $439,204.00. Following the completion of the transaction, the executive vice president now owns 4,344 shares of the company’s stock, valued at approximately $502,079.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Earl Wayne Garrison sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $120.22, for a total value of $12,022,000.00. Following the completion of the sale, the director now owns 1,583,354 shares in the company, valued at approximately $190,350,817.88. The disclosure for this sale can be found here. In the last three months, insiders sold 182,275 shares of company stock valued at $21,350,312. 3.60% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:JBHT traded down $0.84 during midday trading on Wednesday, reaching $116.64. 376,704 shares of the company traded hands, compared to its average volume of 1,033,768. The firm’s fifty day moving average price is $115.84 and its two-hundred day moving average price is $103.01. J B Hunt Transport Services Inc has a 12 month low of $83.64 and a 12 month high of $122.29. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.05). J B Hunt Transport Services had a return on equity of 28.45% and a net margin of 5.46%. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. J B Hunt Transport Services’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts forecast that J B Hunt Transport Services Inc will post 5.42 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, November 7th. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 18.34%.

About J B Hunt Transport Services

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).

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

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