New York State Common Retirement Fund Has $22.94 Million Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

New York State Common Retirement Fund decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,845 shares of the transportation company’s stock after selling 9,482 shares during the period. New York State Common Retirement Fund owned 0.11% of J.B. Hunt Transport Services worth $22,939,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC boosted its position in J.B. Hunt Transport Services by 104.8% during the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares during the last quarter. Operose Advisors LLC acquired a new stake in J.B. Hunt Transport Services during the third quarter valued at $34,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter worth about $36,000. Exchange Traded Concepts LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter worth about $45,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of J.B. Hunt Transport Services by 505.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock worth $58,000 after buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on JBHT shares. Barclays reduced their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Stifel Nicolaus reduced their price target on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Bank of America reduced their price target on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Loop Capital reduced their price target on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Finally, StockNews.com lowered J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.24.

J.B. Hunt Transport Services Trading Down 1.1 %

JBHT stock opened at $162.01 on Friday. J.B. Hunt Transport Services, Inc. has a 1-year low of $160.07 and a 1-year high of $219.51. The firm has a market cap of $16.74 billion, a P/E ratio of 25.72, a P/E/G ratio of 2.15 and a beta of 1.11. The business’s 50 day moving average is $192.83 and its 200-day moving average is $192.05. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33.

Insider Activity

In other news, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares in the company, valued at approximately $9,021,243.81. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares in the company, valued at approximately $9,021,243.81. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kevin Bracy sold 754 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the sale, the senior vice president now owns 8,235 shares in the company, valued at $1,744,090.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,454 shares of company stock worth $3,283,219. Company insiders own 2.10% of the company’s stock.

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.