State of Tennessee Treasury Department Boosts Holdings in J B Hunt Transport Services Inc (NASDAQ:JBHT)

State of Tennessee Treasury Department lifted its stake in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 702.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 277,465 shares of the transportation company’s stock after buying an additional 242,873 shares during the period. State of Tennessee Treasury Department owned about 0.26% of J B Hunt Transport Services worth $28,104,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. FTB Advisors Inc. bought a new stake in shares of J B Hunt Transport Services in the first quarter valued at $25,000. CWM LLC raised its stake 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 valued at $26,000 after purchasing an additional 103 shares during the period. Parallel Advisors LLC raised its stake in shares of J B Hunt Transport Services by 72.6% during the 4th quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 127 shares during the period. Somerset Trust Co raised its stake in shares of J B Hunt Transport Services by 169.1% during the 1st quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 186 shares during the period. Finally, CSat Investment Advisory L.P. raised its stake in shares of J B Hunt Transport Services by 116.0% during the 4th quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 181 shares during the period. 72.94% of the stock is currently owned by institutional investors.

NASDAQ JBHT traded up $1.72 on Friday, hitting $91.41. The company’s stock had a trading volume of 1,912,037 shares, compared to its average volume of 886,541. J B Hunt Transport Services Inc has a 52-week low of $83.64 and a 52-week high of $129.98. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 1.05 and a beta of 1.10. The firm’s 50-day simple moving average is $90.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.44.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.16). J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company posted $1.07 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts anticipate that J B Hunt Transport Services Inc will post 5.68 earnings per share for the current fiscal year.

JBHT has been the topic of a number of research analyst reports. ValuEngine lowered J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Zacks Investment Research lowered J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. BidaskClub upgraded J B Hunt Transport Services from a “strong sell” rating to a “sell” rating in a report on Friday, March 29th. Buckingham Research cut their price objective on J B Hunt Transport Services from $132.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. Finally, Barclays cut their price objective on J B Hunt Transport Services from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Thursday, April 4th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $110.39.

In other news, insider John N. Roberts purchased 2,319 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average cost of $86.23 per share, for a total transaction of $199,967.37. Following the purchase, the insider now directly owns 288,739 shares in the company, valued at approximately $24,897,963.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary Charles George purchased 5,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was purchased at an average price of $94.52 per share, for a total transaction of $472,600.00. Following the completion of the purchase, the director now owns 43,369 shares in the company, valued at $4,099,237.88. The disclosure for this purchase can be found here. 3.60% of the stock is owned by company insiders.

J B Hunt Transport Services Company 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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