Retirement Systems of Alabama Sells 128,176 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Retirement Systems of Alabama decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 88.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,003 shares of the transportation company’s stock after selling 128,176 shares during the quarter. Retirement Systems of Alabama’s holdings in J.B. Hunt Transport Services were worth $3,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in JBHT. Root Financial Partners LLC bought a new position in J.B. Hunt Transport Services during the 3rd quarter worth $25,000. Cromwell Holdings LLC increased its position in J.B. Hunt Transport Services by 52.2% during the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock worth $28,000 after buying an additional 71 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of J.B. Hunt Transport Services by 41.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after purchasing an additional 66 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of J.B. Hunt Transport Services by 52.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after purchasing an additional 76 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth $31,000. Institutional investors own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 9,000 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $219.76, for a total value of $1,977,840.00. Following the transaction, the executive vice president owned 10,736 shares in the company, valued at $2,359,343.36. The trade was a 45.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ronald Greer Woodruff sold 1,391 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $207.00, for a total value of $287,937.00. Following the completion of the transaction, the executive vice president owned 4,019 shares in the company, valued at approximately $831,933. This represents a 25.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 25,945 shares of company stock valued at $5,656,495. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $217.37 on Tuesday. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $236.00. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $215.91 and its two-hundred day moving average price is $189.45. The stock has a market cap of $20.56 billion, a PE ratio of 35.40, a P/E/G ratio of 1.76 and a beta of 1.22.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the business posted $1.53 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were given a $0.45 dividend. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, February 6th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 29.32%.

Analyst Ratings Changes

Several analysts have recently issued reports on JBHT shares. Sanford C. Bernstein increased their target price on J.B. Hunt Transport Services from $158.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft set a $227.00 target price on J.B. Hunt Transport Services in a report on Thursday, December 11th. BMO Capital Markets reissued an “outperform” rating and set a $245.00 target price on shares of J.B. Hunt Transport Services in a report on Thursday, February 19th. Evercore set a $222.00 target price on J.B. Hunt Transport Services in a report on Friday, January 16th. Finally, TD Cowen reissued a “hold” rating on shares of J.B. Hunt Transport Services in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.45.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.