Heritage Oak Wealth Advisors LLC Invests $2.44 Million in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Heritage Oak Wealth Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,163 shares of the transportation company’s stock, valued at approximately $2,441,000. J.B. Hunt Transport Services comprises about 1.1% of Heritage Oak Wealth Advisors LLC’s holdings, making the stock its 26th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC increased its position in J.B. Hunt Transport Services by 9.0% in the first quarter. Park Avenue Securities LLC now owns 3,007 shares of the transportation company’s stock worth $599,000 after buying an additional 248 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of J.B. Hunt Transport Services by 4.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,324 shares of the transportation company’s stock worth $662,000 after acquiring an additional 128 shares during the period. SteelPeak Wealth LLC bought a new stake in J.B. Hunt Transport Services in the 1st quarter valued at about $502,000. Hexagon Capital Partners LLC boosted its stake in J.B. Hunt Transport Services by 0.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 379,243 shares of the transportation company’s stock valued at $75,564,000 after purchasing an additional 1,522 shares during the period. Finally, Uncommon Cents Investing LLC grew its position in J.B. Hunt Transport Services by 3.0% in the 1st quarter. Uncommon Cents Investing LLC now owns 4,150 shares of the transportation company’s stock worth $827,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services 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 transaction of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $175.81 on Friday. The business has a fifty day simple moving average of $171.68 and a 200-day simple moving average of $167.15. The firm has a market cap of $18.14 billion, a PE ratio of 27.91, a P/E/G ratio of 2.84 and a beta of 1.15. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. 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 released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. During the same quarter last year, the company posted $1.80 EPS. As a group, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 5.6 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.98%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price target on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Stephens reiterated an “overweight” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Susquehanna raised their price target on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Morgan Stanley reduced their price objective on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. Finally, Stifel Nicolaus raised their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.56.

About J.B. Hunt Transport Services

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.