California Public Employees Retirement System Has $35.56 Million Holdings in J.B. Hunt Transport Services, Inc. $JBHT

California Public Employees Retirement System boosted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 11.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,796 shares of the transportation company’s stock after acquiring an additional 17,884 shares during the quarter. California Public Employees Retirement System’s holdings in J.B. Hunt Transport Services were worth $35,556,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of J.B. Hunt Transport Services by 45.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,809 shares of the transportation company’s stock valued at $11,712,000 after buying an additional 17,839 shares during the last quarter. Sivia Capital Partners LLC bought a new position in J.B. Hunt Transport Services in the second quarter valued at approximately $539,000. HighTower Advisors LLC grew its stake in shares of J.B. Hunt Transport Services by 71.7% during the fourth quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company’s stock worth $1,882,000 after purchasing an additional 4,043 shares during the period. Merit Financial Group LLC grew its position in shares of J.B. Hunt Transport Services by 48.6% during the 4th quarter. Merit Financial Group LLC now owns 13,849 shares of the transportation company’s stock worth $2,692,000 after buying an additional 4,527 shares during the period. Finally, Greenwood Gearhart Inc. increased its stake in J.B. Hunt Transport Services by 4.3% in the fourth quarter. Greenwood Gearhart Inc. now owns 201,839 shares of the transportation company’s stock valued at $39,225,000 after purchasing an additional 8,270 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on JBHT. Evercore restated an “outperform” rating and issued a $248.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. Citizens Jmp started coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. BMO Capital Markets reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Wells Fargo & Company lifted their price target on J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Bank of America upped their price objective on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average target price of $286.30.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the sale, the executive vice president owned 8,696 shares of the company’s stock, valued at $2,213,045.04. This trade represents a 31.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president directly owned 15,881 shares in the company, valued at $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 15,847 shares of company stock valued at $4,162,861. 2.50% of the stock is owned by company insiders.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $293.26 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76. The firm has a market cap of $27.65 billion, a PE ratio of 41.54, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. The stock’s fifty day moving average price is $276.44 and its two-hundred day moving average price is $239.90.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.J.B. Hunt Transport Services’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 earnings per share. As a group, research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.66 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. J.B. Hunt Transport Services’s payout ratio is 25.50%.

J.B. Hunt Transport Services Profile

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.