J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stake Cut by Oakview Capital Management L.P.

Oakview Capital Management L.P. lessened its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 57.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,871 shares of the transportation company’s stock after selling 17,251 shares during the quarter. J.B. Hunt Transport Services comprises about 6.5% of Oakview Capital Management L.P.’s investment portfolio, making the stock its 7th biggest position. 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 also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of J.B. Hunt Transport Services by 0.3% during the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after acquiring an additional 25,109 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of J.B. Hunt Transport Services by 6.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock worth $269,611,000 after purchasing an additional 105,500 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of J.B. Hunt Transport Services by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock worth $231,416,000 after buying an additional 5,179 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after buying an additional 193,684 shares during the last quarter. Finally, FIL Ltd raised its position in shares of J.B. Hunt Transport Services by 15.7% in the fourth quarter. FIL Ltd now owns 887,836 shares of the transportation company’s stock valued at $177,336,000 after buying an additional 120,202 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on JBHT. 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 for the company in a research note on Wednesday, July 17th. Benchmark lowered their price objective on J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. reduced their target price on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Barclays decreased their price target on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus dropped their price objective on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating for the company in a research note on Tuesday, July 23rd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.19.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $172.35 on Friday. 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 company has a market cap of $17.79 billion, a PE ratio of 27.36, a P/E/G ratio of 2.86 and a beta of 1.15. The company’s fifty day simple moving average is $169.64 and its 200-day simple moving average is $170.37. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51.

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

J.B. Hunt Transport Services Dividend Announcement

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

Insiders Place Their Bets

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

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.