Oakbrook Investments LLC Sells 910 Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT)

Oakbrook Investments LLC reduced its holdings in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 9.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,550 shares of the transportation company’s stock after selling 910 shares during the quarter. Oakbrook Investments LLC’s holdings in J B Hunt Transport Services were worth $782,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Nissay Asset Management Corp Japan ADV increased its position in J B Hunt Transport Services by 1.9% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 21,036 shares of the transportation company’s stock worth $2,131,000 after buying an additional 385 shares during the last quarter. Piedmont Investment Advisors Inc. increased its position in J B Hunt Transport Services by 2.1% in the first quarter. Piedmont Investment Advisors Inc. now owns 7,752 shares of the transportation company’s stock worth $785,000 after buying an additional 158 shares during the last quarter. Geode Capital Management LLC increased its position in J B Hunt Transport Services by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 1,239,550 shares of the transportation company’s stock worth $115,143,000 after buying an additional 74,521 shares during the last quarter. IFM Investors Pty Ltd increased its position in J B Hunt Transport Services by 32.8% in the first quarter. IFM Investors Pty Ltd now owns 5,814 shares of the transportation company’s stock worth $589,000 after buying an additional 1,437 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board increased its position in J B Hunt Transport Services by 29.4% in the first quarter. Ontario Teachers Pension Plan Board now owns 12,799 shares of the transportation company’s stock worth $1,296,000 after buying an additional 2,906 shares during the last quarter. Institutional investors and hedge funds own 72.87% of the company’s stock.

In other news, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $99.07, for a total value of $118,884.00. Following the completion of the sale, the executive vice president now owns 8,144 shares of the company’s stock, valued at approximately $806,826.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gary Charles George bought 5,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $94.52 per share, with a total value of $472,600.00. Following the purchase, the director now owns 43,369 shares in the company, valued at approximately $4,099,237.88. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.

A number of research firms have issued reports on JBHT. Goldman Sachs Group downgraded EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. Zacks Investment Research upgraded Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th. BidaskClub cut Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley set a $36.00 price target on ArcBest and gave the company a “hold” rating in a research report on Monday, July 8th. Finally, Bank of America cut NIO from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $6.20 to $3.00 in a research report on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $107.13.

Shares of NASDAQ JBHT traded up $1.11 during midday trading on Tuesday, reaching $104.20. The company had a trading volume of 64,869 shares, compared to its average volume of 1,441,214. J B Hunt Transport Services Inc has a one year low of $83.64 and a one year high of $127.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.44 and a current ratio of 1.30. The company’s fifty day simple moving average is $91.36. The company has a market cap of $11.21 billion, a PE ratio of 18.38, a PEG ratio of 1.25 and a beta of 1.11.

J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). J B Hunt Transport Services had a net margin of 5.33% and a return on equity of 29.35%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the firm posted $1.37 EPS. The company’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts anticipate that J B Hunt Transport Services Inc will post 5.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 2nd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Thursday, August 1st. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 18.34%.

J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

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