Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 18.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,641 shares of the transportation company’s stock after purchasing an additional 1,488 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in J.B. Hunt Transport Services were worth $1,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC lifted its stake in shares of J.B. Hunt Transport Services by 6.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock valued at $102,000 after purchasing an additional 68 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of J.B. Hunt Transport Services by 3.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 43 shares in the last quarter. Paradigm Asset Management Co. LLC lifted its stake in shares of J.B. Hunt Transport Services by 3.1% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after purchasing an additional 50 shares in the last quarter. Creative Planning lifted its stake in shares of J.B. Hunt Transport Services by 20.1% in the 2nd quarter. Creative Planning now owns 2,132 shares of the transportation company’s stock valued at $195,000 after purchasing an additional 357 shares in the last quarter. Finally, Commerce Bank acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $200,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at $109.28 on Wednesday. The company has a market capitalization of $11,964.06, a PE ratio of 29.62, a P/E/G ratio of 2.23 and a beta of 1.06. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.74. J.B. Hunt Transport Services, Inc. has a twelve month low of $83.35 and a twelve month high of $112.50.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Friday, October 13th. The transportation company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.05). The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. research analysts predict that J.B. Hunt Transport Services, Inc. will post 3.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 3rd were issued a dividend of $0.23 per share. The ex-dividend date was Thursday, November 2nd. This represents a $0.92 annualized dividend and a dividend yield of 0.84%. J.B. Hunt Transport Services’s payout ratio is currently 24.47%.

In other J.B. Hunt Transport Services news, Director Earl Wayne Garrison sold 100,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $109.29, for a total transaction of $10,929,000.00. Following the sale, the director now directly owns 2,050,000 shares in the company, valued at approximately $224,044,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Terrence D. Matthews sold 2,694 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $101.00, for a total value of $272,094.00. Following the sale, the executive vice president now owns 21,140 shares in the company, valued at $2,135,140. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Several research firms have recently weighed in on JBHT. UBS raised J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $115.00 to $126.00 in a research note on Monday, October 23rd. Stifel Nicolaus set a $91.00 price objective on J.B. Hunt Transport Services and gave the company a “hold” rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co lifted their price objective on J.B. Hunt Transport Services from $108.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Credit Suisse Group reaffirmed a “buy” rating and issued a $114.00 price objective (up from $100.00) on shares of J.B. Hunt Transport Services in a research note on Thursday, October 12th. They noted that the move was a valuation call. Finally, BidaskClub raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. J.B. Hunt Transport Services presently has an average rating of “Buy” and a consensus target price of $109.41.

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About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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