J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 14.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,947 shares of the transportation company’s stock after selling 491 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in J.B. Hunt Transport Services were worth $436,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Summit Securities Group LLC grew its position in J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 196 shares in the last quarter. Allworth Financial LP grew its position in J.B. Hunt Transport Services by 167.0% in the first quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 147 shares in the last quarter. National Pension Service grew its position in J.B. Hunt Transport Services by 74.9% in the first quarter. National Pension Service now owns 306 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 131 shares in the last quarter. TD Private Client Wealth LLC grew its position in J.B. Hunt Transport Services by 49.3% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 109 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in J.B. Hunt Transport Services by 34.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $145.38 on Thursday. The company has a market cap of $14.07 billion, a PE ratio of 26.43, a P/E/G ratio of 2.23 and a beta of 1.28. The company has a fifty day moving average price of $146.68 and a two-hundred day moving average price of $144.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released 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 business had revenue of $2.93 billion during 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 business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 EPS. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was 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 analyst reports. Bank of America raised their price target on shares of 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. JPMorgan Chase & Co. raised their price target on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. UBS Group reissued a “buy” rating on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Citigroup reissued a “buy” rating and set a $170.00 price target (down previously from $175.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. Finally, Barclays raised their price target on shares of J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $164.90.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the sale, the executive vice president directly owned 946 shares in the company, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eric Mcgee bought 1,148 shares of the business’s stock in a transaction on Monday, August 4th. The stock was bought at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the purchase, the executive vice president directly owned 7,397 shares of the company’s stock, valued at $1,041,201.72. The trade was a 18.37% increase in their position. The disclosure for this purchase can be found here. 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.