Alaska Permanent Fund Corp Trims Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Alaska Permanent Fund Corp reduced its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,763 shares of the transportation company’s stock after selling 1,029 shares during the period. Alaska Permanent Fund Corp’s holdings in J.B. Hunt Transport Services were worth $951,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JBHT. Aviva PLC lifted its position in shares of J.B. Hunt Transport Services by 45.3% during the third quarter. Aviva PLC now owns 52,155 shares of the transportation company’s stock worth $9,832,000 after purchasing an additional 16,249 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in J.B. Hunt Transport Services by 3.8% in the third quarter. EverSource Wealth Advisors LLC now owns 36,442 shares of the transportation company’s stock worth $6,870,000 after buying an additional 1,331 shares during the last quarter. International Assets Investment Management LLC acquired a new position in J.B. Hunt Transport Services in the fourth quarter worth approximately $11,513,000. Natixis Advisors L.P. boosted its stake in J.B. Hunt Transport Services by 38.4% in the 3rd quarter. Natixis Advisors L.P. now owns 41,835 shares of the transportation company’s stock worth $7,887,000 after purchasing an additional 11,613 shares during the period. Finally, California Public Employees Retirement System boosted its stake in J.B. Hunt Transport Services by 0.9% in the 3rd quarter. California Public Employees Retirement System now owns 153,367 shares of the transportation company’s stock worth $28,913,000 after purchasing an additional 1,393 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired 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 directly owns 5,000 shares in the company, valued at approximately $1,014,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Patrick J. Ottensmeyer bought 5,000 shares of the stock in a transaction on Monday, March 4th. The stock was purchased at an average price 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 of the company’s stock, valued at $1,014,950. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the completion of the sale, the insider now directly owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. Insiders sold a total of 15,454 shares of company stock valued at $3,283,219 over the last ninety days. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. TD Cowen decreased their price objective on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Stephens decreased their target price on shares of 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. Benchmark reissued a “buy” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. Evercore ISI decreased their target price on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Finally, BMO Capital Markets decreased their target price on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $194.24.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $162.74 on Friday. 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 $16.81 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 2.17 and a beta of 1.11. The firm’s 50 day moving average is $193.82 and its 200-day moving average is $192.25. J.B. Hunt Transport Services, Inc. has a 1 year low of $160.07 and a 1 year high of $219.51.

J.B. Hunt Transport Services Company 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.