J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Oak Harvest Investment Services

Oak Harvest Investment Services increased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,714 shares of the transportation company’s stock after purchasing an additional 332 shares during the quarter. Oak Harvest Investment Services’ holdings in J.B. Hunt Transport Services were worth $740,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Drive Wealth Management LLC raised its holdings in J.B. Hunt Transport Services by 3.5% during the 4th quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company’s stock worth $339,000 after buying an additional 57 shares during the period. Exchange Traded Concepts LLC raised its holdings in J.B. Hunt Transport Services by 26.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock worth $60,000 after buying an additional 62 shares during the period. New York Life Investment Management LLC raised its holdings in J.B. Hunt Transport Services by 0.5% during the 4th quarter. New York Life Investment Management LLC now owns 12,711 shares of the transportation company’s stock worth $2,539,000 after buying an additional 65 shares during the period. Czech National Bank raised its holdings in J.B. Hunt Transport Services by 0.5% during the 1st quarter. Czech National Bank now owns 14,347 shares of the transportation company’s stock worth $2,859,000 after buying an additional 75 shares during the period. Finally, Tempus Wealth Planning LLC raised its holdings in J.B. Hunt Transport Services by 1.4% during the 4th quarter. Tempus Wealth Planning LLC now owns 5,628 shares of the transportation company’s stock worth $1,124,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the topic of several recent analyst reports. Evercore ISI cut their price objective on J.B. Hunt Transport Services from $199.00 to $191.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Susquehanna cut their price objective on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, April 17th. Wells Fargo & Company began coverage on J.B. Hunt Transport Services in a report on Friday, June 7th. They issued an “overweight” rating and a $185.00 target price on the stock. Bank of America dropped their target price on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Finally, Benchmark reiterated a “buy” rating and issued a $215.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $191.38.

J.B. Hunt Transport Services Stock Down 0.4 %

JBHT traded down $0.71 during midday trading on Thursday, hitting $158.71. 387,834 shares of the company’s stock traded hands, compared to its average volume of 805,635. The company has a market cap of $16.38 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.80 and a beta of 1.14. The stock’s fifty day simple moving average is $161.10 and its 200-day simple moving average is $185.09. The company has a debt-to-equity ratio of 0.33, 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 $153.12 and a one year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.12 billion. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.53 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.72 annualized dividend and a yield of 1.08%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

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

In related news, CEO John N. Roberts purchased 6,200 shares of the stock in a transaction on Friday, April 26th. The shares were bought at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the acquisition, the chief executive officer now directly owns 313,955 shares in the company, valued at approximately $50,565,592.30. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company’s stock.

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.