Oakview Capital Management L.P. Sells 17,251 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Oakview Capital Management L.P. trimmed its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 57.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,871 shares of the transportation company’s stock after selling 17,251 shares during the quarter. J.B. Hunt Transport Services accounts for approximately 6.5% of Oakview Capital Management L.P.’s holdings, making the stock its 7th biggest holding. Oakview Capital Management L.P.’s holdings in J.B. Hunt Transport Services were worth $2,059,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Treasurer of the State of North Carolina boosted its position in shares of J.B. Hunt Transport Services by 0.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 37,548 shares of the transportation company’s stock worth $7,500,000 after buying an additional 350 shares during the period. TFO Wealth Partners LLC grew its stake in shares of J.B. Hunt Transport Services by 94,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,847 shares of the transportation company’s stock worth $599,000 after purchasing an additional 2,844 shares in the last quarter. Bank of Nova Scotia increased its holdings in shares of J.B. Hunt Transport Services by 33.1% during the fourth quarter. Bank of Nova Scotia now owns 10,142 shares of the transportation company’s stock valued at $2,026,000 after purchasing an additional 2,521 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $1,458,000. Finally, Kodai Capital Management LP bought a new stake in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $412,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Buying and Selling

In related news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Persio V. Lisboa acquired 600 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were purchased at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the acquisition, the director now owns 3,594 shares in the company, valued at approximately $587,511.18. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $172.35 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 2.86 and a beta of 1.15. The business’s 50-day moving average is $169.64 and its 200-day moving average is $170.37. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same period last year, the company posted $1.81 earnings per share. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.72 annualized dividend and a dividend yield of 1.00%. J.B. Hunt Transport Services’s dividend payout ratio is 27.30%.

Analysts Set New Price Targets

JBHT has been the topic of several research analyst reports. TD Cowen lowered their target price on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. Loop Capital decreased their price objective on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a report on Thursday, July 18th. Susquehanna boosted their target price on J.B. Hunt Transport Services from $145.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday. Barclays decreased their price target on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company assumed coverage on J.B. Hunt Transport Services in a research report on Friday, June 7th. They set an “overweight” rating and a $185.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.19.

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.