New York State Common Retirement Fund Has $22.94 Million Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

New York State Common Retirement Fund lessened its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,845 shares of the transportation company’s stock after selling 9,482 shares during the period. New York State Common Retirement Fund’s holdings in J.B. Hunt Transport Services were worth $22,939,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. VisionPoint Advisory Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 104.8% during the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after purchasing an additional 87 shares during the period. Operose Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the third quarter worth $34,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the third quarter worth $36,000. Exchange Traded Concepts LLC acquired a new position in shares of J.B. Hunt Transport Services during the third quarter worth $45,000. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of J.B. Hunt Transport Services by 505.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock worth $58,000 after purchasing an additional 258 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 1.1 %

JBHT opened at $162.01 on Friday. J.B. Hunt Transport Services, Inc. has a 1-year low of $160.07 and a 1-year high of $219.51. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The company has a market cap of $16.74 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 2.15 and a beta of 1.11. The company has a fifty day moving average price of $192.83 and a two-hundred day moving average price of $192.05.

Analyst Ratings Changes

A number of brokerages have recently commented on JBHT. Robert W. Baird cut their price target on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. Stifel Nicolaus dropped their target price on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. TD Cowen dropped their target price on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Stephens dropped their target price on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Finally, BMO Capital Markets dropped their target price on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.24.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $1,014,950. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO John Kuhlow sold 3,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total transaction of $745,500.00. Following the completion of the sale, the chief financial officer now directly owns 10,537 shares of the company’s stock, valued at $2,244,381. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Patrick J. Ottensmeyer bought 5,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $1,014,950. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 15,454 shares of company stock valued at $3,283,219. Corporate insiders own 2.10% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.