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

Heritage Oak Wealth Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the third quarter, Holdings Channel.com reports. The firm purchased 14,163 shares of the transportation company’s stock, valued at approximately $2,441,000. J.B. Hunt Transport Services accounts for approximately 1.1% of Heritage Oak Wealth Advisors LLC’s holdings, making the stock its 26th largest holding.

Several other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc lifted its stake in shares of J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 149 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter worth about $31,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter worth about $32,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $36,000. Finally, International Assets Investment Management LLC acquired a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $40,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of recent analyst reports. Citigroup assumed coverage on J.B. Hunt Transport Services in a research report on Wednesday, October 9th. They set a “buy” rating and a $201.00 target price for the company. Barclays upped their price objective on shares of J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Stephens reiterated an “overweight” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Evercore ISI upped their price target on shares of 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. Finally, Loop Capital raised their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Seven research 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.56.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $175.81 on Friday. The stock’s 50 day simple moving average is $171.68 and its 200-day simple moving average is $167.15. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The stock has a market cap of $18.14 billion, a PE ratio of 27.91, a P/E/G ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. During the same period last year, the firm earned $1.80 EPS. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.6 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

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.