Illinois Municipal Retirement Fund Acquires New Shares in J B Hunt Transport Services Inc (NASDAQ:JBHT)

Illinois Municipal Retirement Fund acquired a new stake in J B Hunt Transport Services Inc (NASDAQ:JBHT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,153 shares of the transportation company’s stock, valued at approximately $602,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBHT. Beach Investment Management LLC. acquired a new position in shares of J B Hunt Transport Services during the 4th quarter worth about $253,000. Beach Investment Counsel Inc. PA acquired a new position in shares of J B Hunt Transport Services during the 4th quarter worth about $3,402,000. Oregon Public Employees Retirement Fund boosted its stake in shares of J B Hunt Transport Services by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,727 shares of the transportation company’s stock worth $2,187,000 after buying an additional 322 shares during the last quarter. Rhumbline Advisers lifted its stake in J B Hunt Transport Services by 3.9% in the 4th quarter. Rhumbline Advisers now owns 171,081 shares of the transportation company’s stock valued at $19,979,000 after purchasing an additional 6,439 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in J B Hunt Transport Services by 15.0% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,453 shares of the transportation company’s stock valued at $2,043,000 after purchasing an additional 2,282 shares during the last quarter. Institutional investors and hedge funds own 75.21% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of J B Hunt Transport Services from $106.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Cowen reiterated a “hold” rating and issued a $118.00 target price (down from $120.00) on shares of J B Hunt Transport Services in a research note on Tuesday, January 21st. Stephens cut their target price on shares of J B Hunt Transport Services from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Raymond James upgraded shares of J B Hunt Transport Services from a “market perform” rating to an “outperform” rating and set a $130.00 target price for the company in a research note on Tuesday, January 21st. Finally, Credit Suisse Group cut their target price on shares of J B Hunt Transport Services from $113.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $114.00.

J B Hunt Transport Services stock opened at $110.07 on Friday. The stock has a market cap of $12.17 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.35 and a beta of 1.11. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.57. J B Hunt Transport Services Inc has a twelve month low of $83.64 and a twelve month high of $122.29. The company’s 50-day moving average price is $114.97 and its two-hundred day moving average price is $112.06.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Friday, January 17th. The transportation company reported $1.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($0.17). The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.46 billion. J B Hunt Transport Services had a net margin of 5.99% and a return on equity of 25.65%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 earnings per share. Equities analysts anticipate that J B Hunt Transport Services Inc will post 5.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $0.27 dividend. This is a boost from J B Hunt Transport Services’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, February 6th. J B Hunt Transport Services’s dividend payout ratio is currently 22.09%.

In other J B Hunt Transport Services news, EVP Terrence D. Matthews sold 9,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $108.19, for a total value of $973,710.00. Following the transaction, the executive vice president now directly owns 25,439 shares of the company’s stock, valued at approximately $2,752,245.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David G. Mee sold 4,776 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $114.30, for a total transaction of $545,896.80. Following the completion of the transaction, the chief financial officer now directly owns 108,650 shares in the company, valued at $12,418,695. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

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).

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

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