Louisiana State Employees Retirement System Invests $979,000 in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Louisiana State Employees Retirement System bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,900 shares of the transportation company’s stock, valued at approximately $979,000.

Several other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in J.B. Hunt Transport Services by 184.6% during the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock valued at $406,215,000 after buying an additional 1,397,651 shares in the last quarter. Invesco Ltd. boosted its position in shares of J.B. Hunt Transport Services by 5.6% in the 3rd quarter. Invesco Ltd. now owns 1,090,774 shares of the transportation company’s stock valued at $205,633,000 after purchasing an additional 57,546 shares during the period. American Century Companies Inc. boosted its position in shares of J.B. Hunt Transport Services by 24.7% in the 3rd quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company’s stock valued at $167,664,000 after purchasing an additional 176,027 shares during the period. Northern Trust Corp boosted its position in shares of J.B. Hunt Transport Services by 5.4% in the 3rd quarter. Northern Trust Corp now owns 878,631 shares of the transportation company’s stock valued at $165,640,000 after purchasing an additional 44,760 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of J.B. Hunt Transport Services by 3.4% in the 3rd quarter. Stifel Financial Corp now owns 599,276 shares of the transportation company’s stock valued at $112,976,000 after purchasing an additional 19,553 shares during the period. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $164.63 on Thursday. J.B. Hunt Transport Services, Inc. has a 1 year low of $160.07 and a 1 year high of $219.51. The firm’s fifty day simple moving average is $194.92 and its 200 day simple moving average is $192.45. 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 firm has a market capitalization of $17.01 billion, a PE ratio of 26.13, a PEG ratio of 2.20 and a beta of 1.11.

Insider Activity at J.B. Hunt Transport Services

In related news, CFO John Kuhlow sold 3,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $213.00, for a total value of $745,500.00. Following the transaction, the chief financial officer now directly owns 10,537 shares in the company, valued at approximately $2,244,381. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other J.B. Hunt Transport Services news, CFO John Kuhlow sold 3,500 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $213.00, for a total value 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 approximately $2,244,381. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of J.B. Hunt Transport Services stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $1,014,950. The disclosure for this purchase can be found here. In the last three months, insiders have sold 15,454 shares of company stock worth $3,283,219. 2.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JBHT. Stifel Nicolaus decreased their price target on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Benchmark reiterated a “buy” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 17th. JPMorgan Chase & Co. reduced their price objective on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Raymond James increased their price objective on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Finally, Stephens reduced their price objective on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $194.24.

J.B. Hunt Transport Services Profile

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.