5,200 Shares in J.B. Hunt Transport Services, Inc. $JBHT Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,200 shares of the transportation company’s stock, valued at approximately $1,505,000.

Several other large investors have also bought and sold shares of JBHT. BlackRock Inc. purchased a new position in J.B. Hunt Transport Services during the 2nd quarter worth $1,833,602,000. State Street Corp raised its holdings in shares of J.B. Hunt Transport Services by 7.1% in the second quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after purchasing an additional 272,594 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of J.B. Hunt Transport Services by 1.1% in the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock valued at $843,937,000 after purchasing an additional 41,887 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of J.B. Hunt Transport Services by 17.7% during the fourth quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock valued at $729,780,000 after purchasing an additional 565,605 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of J.B. Hunt Transport Services by 5.4% during the third quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company’s stock valued at $216,317,000 after purchasing an additional 82,939 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of recent analyst reports. Benchmark upped their price objective on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Barclays lifted their target price on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Morgan Stanley restated an “underweight” rating and issued a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Finally, Wells Fargo & Company increased their price target on J.B. Hunt Transport Services from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average price target of $286.30.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the transaction, the executive vice president directly owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Keefauver sold 703 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the sale, the executive vice president directly owned 790 shares of the company’s stock, valued at $225,252.70. This represents a 47.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.50% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $263.64 on Thursday. The firm has a market cap of $24.76 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of 1.65 and a beta of 1.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $299.76. The firm’s 50-day simple moving average is $277.69 and its two-hundred day simple moving average is $252.19.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the company earned $1.31 earnings per share. The company’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.45 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is presently 25.50%.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.