Oak Thistle LLC Invests $1.37 Million in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Oak Thistle LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,249 shares of the transportation company's stock, valued at approximately $1,368,000.

A number of other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its position in shares of J.B. Hunt Transport Services by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company's stock valued at $578,572,000 after purchasing an additional 15,476 shares during the period. Invesco Ltd. lifted its position in J.B. Hunt Transport Services by 5.1% during the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock worth $362,554,000 after acquiring an additional 104,019 shares during the period. Geode Capital Management LLC lifted its position in J.B. Hunt Transport Services by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock worth $340,049,000 after acquiring an additional 8,968 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in J.B. Hunt Transport Services by 0.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company's stock worth $225,209,000 after acquiring an additional 8,725 shares during the period. Finally, Wellington Management Group LLP lifted its position in J.B. Hunt Transport Services by 428.4% during the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock worth $215,610,000 after acquiring an additional 1,024,295 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Trading Down 0.3%

J.B. Hunt Transport Services stock traded down $0.42 during midday trading on Friday, reaching $149.31. The stock had a trading volume of 980,465 shares, compared to its average volume of 1,090,894. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The stock has a market capitalization of $14.81 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.89 and a current ratio of 0.87. The stock's 50-day simple moving average is $144.83 and its 200 day simple moving average is $150.32.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.32 EPS. Analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 32.00%.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of recent research reports. Benchmark reaffirmed a "buy" rating and set a $175.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Bank of America increased their price objective on J.B. Hunt Transport Services from $166.00 to $171.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Stephens decreased their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group set a $164.00 price objective on J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Finally, TD Cowen reduced their price target on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $164.90.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 989 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the transaction, the executive vice president directly owned 946 shares of the company's stock, valued at approximately $143,763.62. This represents a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.30% 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.