14,163 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Purchased by Heritage Oak Wealth Advisors LLC

Heritage Oak Wealth Advisors LLC purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,163 shares of the transportation company's stock, valued at approximately $2,441,000. J.B. Hunt Transport Services accounts for about 1.1% of Heritage Oak Wealth Advisors LLC's portfolio, making the stock its 26th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. lifted its stake in J.B. Hunt Transport Services by 2,722.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company's stock valued at $108,600,000 after buying an additional 525,729 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock worth $152,589,000 after buying an additional 193,684 shares during the last quarter. AQR Capital Management LLC increased its holdings in J.B. Hunt Transport Services by 282.8% in the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company's stock valued at $27,740,000 after purchasing an additional 128,283 shares in the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $19,755,000. Finally, Renaissance Technologies LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $16,887,000. Institutional investors and hedge funds own 74.95% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stephens restated an "overweight" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Stifel Nicolaus raised their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Evercore ISI lifted their price target on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. BMO Capital Markets reaffirmed an "outperform" rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Morgan Stanley lowered their price objective on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $187.56.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT traded down $0.98 on Friday, hitting $174.83. 771,009 shares of the company were exchanged, compared to its average volume of 856,624. The company's 50 day moving average price is $171.68 and its two-hundred day moving average price is $167.15. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.84 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 for the quarter, beating analysts' consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The business had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.04 billion. During the same quarter in the previous year, the firm posted $1.80 earnings per share. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.6 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services's payout ratio is presently 27.30%.

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

In other news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares of the company's stock, valued at $2,476,674.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.