Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stake in J B Hunt Transport Services Inc (JBHT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 19.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,178 shares of the transportation company’s stock after selling 1,784 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in J B Hunt Transport Services were worth $854,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JBHT. Janus Henderson Group PLC boosted its stake in J B Hunt Transport Services by 55.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,250,182 shares of the transportation company’s stock worth $151,960,000 after purchasing an additional 447,102 shares during the period. Northern Trust Corp boosted its stake in J B Hunt Transport Services by 2.1% in the 2nd quarter. Northern Trust Corp now owns 974,767 shares of the transportation company’s stock worth $118,483,000 after purchasing an additional 19,676 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in J B Hunt Transport Services by 14.6% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 549,912 shares of the transportation company’s stock worth $65,407,000 after purchasing an additional 69,885 shares during the period. Morgan Stanley raised its holdings in shares of J B Hunt Transport Services by 121.8% in the 2nd quarter. Morgan Stanley now owns 505,965 shares of the transportation company’s stock valued at $61,502,000 after acquiring an additional 277,862 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of J B Hunt Transport Services by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 492,089 shares of the transportation company’s stock valued at $59,813,000 after acquiring an additional 35,189 shares in the last quarter. Institutional investors own 71.64% of the company’s stock.

Several analysts have weighed in on JBHT shares. BidaskClub raised J B Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. Edward Jones cut J B Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Friday, September 28th. Deutsche Bank lowered their price target on J B Hunt Transport Services from $138.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, September 27th. Zacks Investment Research raised J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a report on Tuesday, September 18th. Finally, Loop Capital lowered their price target on J B Hunt Transport Services to $143.00 and set a “buy” rating on the stock in a report on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. J B Hunt Transport Services currently has an average rating of “Hold” and a consensus price target of $128.53.

Shares of NASDAQ JBHT opened at $106.36 on Monday. The stock has a market cap of $11.61 billion, a P/E ratio of 28.44, a PEG ratio of 1.64 and a beta of 0.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.11 and a current ratio of 1.11. J B Hunt Transport Services Inc has a 1-year low of $103.52 and a 1-year high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, October 15th. The transportation company reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.07. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. J B Hunt Transport Services had a return on equity of 27.71% and a net margin of 9.49%. J B Hunt Transport Services’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the firm posted $0.91 EPS. As a group, equities analysts expect that J B Hunt Transport Services Inc will post 5.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Friday, November 9th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, November 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.90%. J B Hunt Transport Services’s dividend payout ratio is 25.67%.

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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 through 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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