State of Michigan Retirement System Has $3.69 Million Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

State of Michigan Retirement System lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,595 shares of the transportation company’s stock after selling 300 shares during the period. State of Michigan Retirement System’s holdings in J.B. Hunt Transport Services were worth $3,685,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter valued at about $26,000. True Wealth Design LLC lifted its stake in J.B. Hunt Transport Services by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 142 shares during the last quarter. National Pension Service acquired a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $30,000. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $34,000. Finally, Versant Capital Management Inc lifted its stake in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In related news, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a research note on Wednesday, January 15th. Stephens restated an “overweight” rating and issued a $205.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. JPMorgan Chase & Co. reduced their target price on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Bank of America boosted their price objective on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $189.84.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $163.45 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The stock has a fifty day moving average price of $170.26 and a two-hundred day moving average price of $174.50. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $204.43. The firm has a market capitalization of $16.35 billion, a P/E ratio of 29.40, a P/E/G ratio of 1.61 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.47 EPS. As a group, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.08%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.65%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.