Oppenheimer Asset Management Inc. Acquires Shares of 4,853 J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Oppenheimer Asset Management Inc. purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,853 shares of the transportation company's stock, valued at approximately $828,000.

Other large investors have also made changes to their positions in the company. Arvest Bank Trust Division acquired a new position in shares of J.B. Hunt Transport Services during the third quarter worth $1,578,000. State Street Corp increased its position in shares of 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 worth $566,944,000 after purchasing an additional 19,826 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of J.B. Hunt Transport Services by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company's stock worth $95,419,000 after purchasing an additional 12,040 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of J.B. Hunt Transport Services by 2.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company's stock worth $32,861,000 after purchasing an additional 3,910 shares in the last quarter. Finally, Abound Wealth Management increased its position in shares of J.B. Hunt Transport Services by 145,850.0% during the fourth quarter. Abound Wealth Management now owns 2,919 shares of the transportation company's stock worth $498,000 after purchasing an additional 2,917 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, Director James K. Thompson sold 4,400 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the transaction, the director now owns 23,559 shares in the company, valued at $4,131,541.83. This represents a 15.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock traded up $1.19 during mid-day trading on Friday, hitting $163.45. 980,157 shares of the stock were exchanged, compared to its average volume of 855,010. The firm has a fifty day moving average of $170.26 and a 200 day moving average of $174.50. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $204.43. The company has a market cap of $16.35 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the previous year, the company earned $1.47 earnings per share. The company's revenue was down 4.5% compared to the same quarter last year. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.44 per share. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services's dividend payout ratio is presently 31.65%.

Analyst Upgrades and Downgrades

JBHT has been the topic of a number of recent analyst reports. Barclays upped their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Stephens reissued an "overweight" rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Benchmark reissued a "buy" rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, Citigroup dropped their price objective on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $189.84.

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.