Arvest Bank Trust Division Buys Shares of 9,159 J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Arvest Bank Trust Division purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,159 shares of the transportation company's stock, valued at approximately $1,578,000.

Other hedge funds have also modified their holdings of the company. Forsta AP Fonden boosted its holdings in shares of J.B. Hunt Transport Services by 28.2% during the 3rd quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company's stock worth $2,740,000 after buying an additional 3,500 shares during the period. Charles Schwab Investment Management Inc. lifted its position in J.B. Hunt Transport Services by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company's stock worth $95,419,000 after acquiring an additional 12,040 shares during the last quarter. State Street Corp boosted its holdings in J.B. Hunt Transport Services by 0.6% during the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after acquiring an additional 19,826 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of J.B. Hunt Transport Services by 2.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company's stock valued at $32,861,000 after purchasing an additional 3,910 shares during the last quarter. Finally, CWM LLC increased its stake in shares of J.B. Hunt Transport Services by 119.5% in the third quarter. CWM LLC now owns 7,858 shares of the transportation company's stock worth $1,354,000 after purchasing an additional 4,278 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock traded down $0.86 during mid-day trading on Thursday, reaching $181.15. The company's stock had a trading volume of 655,995 shares, compared to its average volume of 857,441. The firm's fifty day moving average price is $180.79 and its two-hundred day moving average price is $170.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a market capitalization of $18.27 billion, a P/E ratio of 33.09, a PEG ratio of 2.88 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period in the prior year, the company posted $1.80 EPS. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 31.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JBHT shares. The Goldman Sachs Group reduced their target price on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Benchmark restated a "buy" rating and issued a $185.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. TD Cowen raised their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Susquehanna boosted their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $190.11.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the transaction, the chief executive officer now directly owns 82,264 shares of the company's stock, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,459 shares of company stock valued at $2,136,277. Insiders own 2.10% of the company's stock.

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.