Running Oak Capital LLC Purchases 7,014 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Running Oak Capital LLC raised its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,111 shares of the transportation company's stock after purchasing an additional 7,014 shares during the quarter. Running Oak Capital LLC's holdings in J.B. Hunt Transport Services were worth $9,010,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. increased its stake in J.B. Hunt Transport Services by 3.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company's stock valued at $433,186,000 after purchasing an additional 62,313 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in J.B. Hunt Transport Services by 184.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company's stock worth $406,215,000 after acquiring an additional 1,397,651 shares during the last quarter. Invesco Ltd. boosted its holdings in J.B. Hunt Transport Services by 5.6% during the 3rd quarter. Invesco Ltd. now owns 1,090,774 shares of the transportation company's stock worth $205,633,000 after acquiring an additional 57,546 shares during the last quarter. American Century Companies Inc. boosted its holdings in J.B. Hunt Transport Services by 24.7% during the 3rd quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company's stock worth $167,664,000 after acquiring an additional 176,027 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in J.B. Hunt Transport Services by 5.4% during the 3rd quarter. Northern Trust Corp now owns 878,631 shares of the transportation company's stock worth $165,640,000 after acquiring an additional 44,760 shares during the last quarter. Institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT traded up $1.05 during trading on Thursday, hitting $164.57. 846,077 shares of the company's stock traded hands, compared to its average volume of 853,068. The stock has a market capitalization of $16.98 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 2.14 and a beta of 1.17. J.B. Hunt Transport Services, Inc. has a 12-month low of $160.07 and a 12-month high of $219.51. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.26. The business has a 50 day moving average of $190.30 and a 200-day moving average of $191.43.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 27.30%.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of analyst reports. Barclays cut their price objective on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 17th. Benchmark reaffirmed a "buy" rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. Robert W. Baird cut their price objective on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an "outperform" rating on the stock in a report on Wednesday, April 17th. BMO Capital Markets cut their price objective on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, April 18th. Finally, Stephens cut their price objective on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an "overweight" rating on the stock in a report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $194.24.

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

In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares of the company's stock, valued at $9,021,243.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO John N. Roberts acquired 6,200 shares of the firm's stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the transaction, the chief executive officer now owns 313,955 shares in the company, valued at $50,565,592.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alfred C. Harper sold 6,500 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the completion of the transaction, the insider now owns 42,411 shares in the company, valued at $9,021,243.81. The disclosure for this sale can be found here. Insiders have sold a total of 15,454 shares of company stock valued at $3,283,219 over the last three months. 2.10% of the stock is currently owned by insiders.

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.