Oakview Capital Management L.P. Has $1.97 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Oakview Capital Management L.P. reduced its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 11.1% in the third quarter, Holdings Channel.com reports. The fund owned 11,447 shares of the transportation company’s stock after selling 1,424 shares during the period. J.B. Hunt Transport Services makes up approximately 9.2% of Oakview Capital Management L.P.’s portfolio, making the stock its 4th biggest position. Oakview Capital Management L.P.’s holdings in J.B. Hunt Transport Services were worth $1,973,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in JBHT. Janney Montgomery Scott LLC bought a new stake in J.B. Hunt Transport Services during the first quarter valued at $208,000. Seven Eight Capital LP bought a new stake in J.B. Hunt Transport Services during the first quarter valued at $562,000. UniSuper Management Pty Ltd lifted its stake in J.B. Hunt Transport Services by 485.3% during the first quarter. UniSuper Management Pty Ltd now owns 5,595 shares of the transportation company’s stock worth $1,115,000 after purchasing an additional 4,639 shares during the last quarter. Bessemer Group Inc. lifted its stake in J.B. Hunt Transport Services by 4.4% during the first quarter. Bessemer Group Inc. now owns 2,772 shares of the transportation company’s stock worth $553,000 after purchasing an additional 118 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in J.B. Hunt Transport Services by 1.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 62,347 shares of the transportation company’s stock worth $12,425,000 after purchasing an additional 701 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $180.18 on Wednesday. The firm has a market cap of $18.17 billion, a PE ratio of 32.76, a P/E/G ratio of 2.90 and a beta of 1.14. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $176.04 and a two-hundred day simple moving average of $168.55. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its 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 net margin of 4.65% and a return on equity of 13.92%. During the same period in the previous year, the business earned $1.80 EPS. On average, equities 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 disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.43 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.95%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.27%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on JBHT shares. Evercore ISI lifted their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Loop Capital boosted their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Stifel Nicolaus boosted their price target on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Stephens reaffirmed an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Susquehanna boosted their price target on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $190.11.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was 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 directly owns 14,150 shares in the company, valued at $2,476,674.50. This represents a 17.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares of the company’s stock, valued at $786,550.50. This trade represents a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,314 shares of company stock worth $1,534,052 in the last three months. Corporate insiders own 2.10% of the company’s stock.

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.