State Board of Administration of Florida Retirement System Has $12.26 Million Position in J B Hunt Transport Services Inc (JBHT)

State Board of Administration of Florida Retirement System trimmed its position in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 131,747 shares of the transportation company’s stock after selling 2,051 shares during the period. State Board of Administration of Florida Retirement System’s holdings in J B Hunt Transport Services were worth $12,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. CWM LLC boosted its position in shares of J B Hunt Transport Services by 59.5% during the 4th quarter. CWM LLC now owns 276 shares of the transportation company’s stock worth $26,000 after purchasing an additional 103 shares in the last quarter. Heritage Trust Co boosted its position in shares of J B Hunt Transport Services by 289.2% during the 4th quarter. Heritage Trust Co now owns 864 shares of the transportation company’s stock worth $80,000 after purchasing an additional 642 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of J B Hunt Transport Services by 110.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,040 shares of the transportation company’s stock worth $124,000 after purchasing an additional 545 shares in the last quarter. Townsend & Associates Inc purchased a new stake in shares of J B Hunt Transport Services during the 3rd quarter worth $140,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of J B Hunt Transport Services during the 3rd quarter worth $178,000. Hedge funds and other institutional investors own 74.89% of the company’s stock.

JBHT stock traded down $0.25 during trading on Monday, hitting $109.03. The stock had a trading volume of 9,700 shares, compared to its average volume of 1,047,191. J B Hunt Transport Services Inc has a 1-year low of $88.38 and a 1-year high of $131.74. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.46 and a beta of 1.10. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43.



J B Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 17th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.67). J B Hunt Transport Services had a net margin of 5.68% and a return on equity of 30.72%. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, research analysts predict that J B Hunt Transport Services Inc will post 6.26 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, February 8th will be issued a $0.26 dividend. This is a boost from J B Hunt Transport Services’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, February 7th. This represents a $1.04 annualized dividend and a yield of 0.95%. J B Hunt Transport Services’s payout ratio is 18.34%.

Several research firms have recently issued reports on JBHT. Zacks Investment Research downgraded J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus set a $113.00 price target on J B Hunt Transport Services and gave the stock a “hold” rating in a research note on Friday, January 18th. Cowen reaffirmed a “market perform” rating and set a $122.00 price target (down previously from $129.00) on shares of J B Hunt Transport Services in a research note on Friday, January 18th. Credit Suisse Group cut their price target on J B Hunt Transport Services from $148.00 to $121.00 and set an “outperform” rating for the company in a research note on Tuesday, January 15th. Finally, Morgan Stanley cut their price target on J B Hunt Transport Services from $118.00 to $113.00 and set an “equal weight” rating for the company in a research note on Monday, January 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $124.79.

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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 through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

See Also: Systematic Risk

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

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