Teachers Retirement System of The State of Kentucky lowered its stake in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 19.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 42,559 shares of the transportation company’s stock after selling 10,046 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in J B Hunt Transport Services were worth $5,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norinchukin Bank The raised its stake in shares of J B Hunt Transport Services by 16.0% during the 3rd quarter. Norinchukin Bank The now owns 11,252 shares of the transportation company’s stock valued at $1,338,000 after buying an additional 1,554 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of J B Hunt Transport Services by 110.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,040 shares of the transportation company’s stock valued at $124,000 after purchasing an additional 545 shares in the last quarter. Zeke Capital Advisors LLC purchased a new position in shares of J B Hunt Transport Services in the 3rd quarter valued at about $2,082,000. MML Investors Services LLC increased its stake in shares of J B Hunt Transport Services by 20.1% in the 3rd quarter. MML Investors Services LLC now owns 3,751 shares of the transportation company’s stock valued at $446,000 after purchasing an additional 629 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of J B Hunt Transport Services by 5.7% in the 3rd quarter. Prudential Financial Inc. now owns 99,709 shares of the transportation company’s stock valued at $11,859,000 after purchasing an additional 5,340 shares in the last quarter. Institutional investors and hedge funds own 71.64% of the company’s stock.

JBHT stock opened at $108.51 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.11 and a current ratio of 1.11. J B Hunt Transport Services Inc has a 12-month low of $100.78 and a 12-month high of $131.74. The stock has a market capitalization of $11.68 billion, a P/E ratio of 29.01, a PEG ratio of 1.65 and a beta of 0.95.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Monday, October 15th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. J B Hunt Transport Services had a return on equity of 27.71% and a net margin of 9.49%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the firm posted $0.91 EPS. J B Hunt Transport Services’s revenue was up 19.9% compared to the same quarter last year. As a group, analysts expect that J B Hunt Transport Services Inc will post 5.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Friday, November 9th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, November 8th. J B Hunt Transport Services’s payout ratio is 25.67%.

Several equities analysts recently weighed in on the company. BidaskClub lowered J B Hunt Transport Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 8th. Zacks Investment Research lowered J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Citigroup cut their price target on J B Hunt Transport Services from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. Loop Capital cut their price target on J B Hunt Transport Services to $143.00 and set a “buy” rating for the company in a research note on Wednesday, October 10th. Finally, Edward Jones lowered J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. J B Hunt Transport Services currently has an average rating of “Hold” and a consensus price target of $128.53.

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About J B Hunt Transport Services

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).

Read More: Asset Allocation

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

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