Oppenheimer Asset Management Inc. Invests $828,000 in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Oppenheimer Asset Management Inc. bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,853 shares of the transportation company’s stock, valued at approximately $828,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC lifted its position in shares of J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after buying an additional 142 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $26,000. National Pension Service bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $30,000. BankPlus Trust Department bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $34,000. Finally, Versant Capital Management Inc lifted its position in shares of J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after buying an additional 142 shares during the period. Institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

In related news, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction on Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the sale, the executive vice president now directly owns 700 shares of the company’s stock, valued at $127,904. The trade was a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,545 shares of company stock valued at $1,898,942 over the last three months. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Trading Down 0.1 %

JBHT stock opened at $157.62 on Wednesday. The company has a market cap of $15.76 billion, a P/E ratio of 28.35, a PEG ratio of 1.61 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $204.43. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $170.68 and a 200-day moving average of $174.69.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the firm earned $1.47 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.12%. J.B. Hunt Transport Services’s payout ratio is 31.65%.

Analyst Upgrades and Downgrades

Several research firms recently commented on JBHT. Raymond James cut their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price objective for the company in a research report on Friday, January 3rd. Barclays lifted their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Citigroup cut their price objective on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, Benchmark reiterated a “buy” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $191.11.

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.