Bank of The Ozarks Has $361,000 Stake in J.B. Hunt Transport Services, Inc. (JBHT)

Bank of The Ozarks decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.2% during the second quarter, Holdings Channel reports. The institutional investor owned 3,950 shares of the transportation company’s stock after selling 215 shares during the period. Bank of The Ozarks’ holdings in J.B. Hunt Transport Services were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in JBHT. Teachers Advisors LLC boosted its position in shares of J.B. Hunt Transport Services by 8.3% in the fourth quarter. Teachers Advisors LLC now owns 98,145 shares of the transportation company’s stock worth $9,527,000 after buying an additional 7,511 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of J.B. Hunt Transport Services by 84.9% in the fourth quarter. Macquarie Group Ltd. now owns 111,736 shares of the transportation company’s stock worth $10,845,000 after buying an additional 51,306 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of J.B. Hunt Transport Services by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 74,846 shares of the transportation company’s stock worth $6,867,000 after buying an additional 1,726 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of J.B. Hunt Transport Services by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 27,597 shares of the transportation company’s stock worth $2,531,000 after buying an additional 400 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of J.B. Hunt Transport Services by 50.1% in the first quarter. Capstone Asset Management Co. now owns 17,978 shares of the transportation company’s stock worth $1,649,000 after buying an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 73.09% of the company’s stock.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) opened at 92.17 on Thursday. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 24.18 and a beta of 0.94. The company has a 50 day moving average of $90.96 and a 200-day moving average of $91.98. J.B. Hunt Transport Services, Inc. has a one year low of $76.20 and a one year high of $102.38.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.04. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. J.B. Hunt Transport Services’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post $3.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, August 3rd. J.B. Hunt Transport Services’s payout ratio is 24.08%.

J.B. Hunt Transport Services declared that its Board of Directors has approved a stock buyback plan on Thursday, April 20th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the transportation company to buy up to 51% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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A number of research analysts have commented on JBHT shares. Vertical Research started coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, April 13th. They set a “hold” rating and a $92.00 price target for the company. Stifel Nicolaus cut their price target on shares of J.B. Hunt Transport Services from $97.00 to $88.00 and set a “hold” rating for the company in a research note on Wednesday, April 19th. Cowen and Company cut their price target on shares of J.B. Hunt Transport Services from $102.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, April 19th. Deutsche Bank AG raised their price target on shares of J.B. Hunt Transport Services from $90.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Finally, Zacks Investment Research cut shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $98.73.

In related news, Chairman James K. Thompson sold 8,503 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $91.76, for a total value of $780,235.28. Following the completion of the transaction, the chairman now owns 51,846 shares of the company’s stock, valued at approximately $4,757,388.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO David G. Mee sold 10,767 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $91.29, for a total transaction of $982,919.43. Following the completion of the transaction, the chief financial officer now directly owns 109,500 shares of the company’s stock, valued at approximately $9,996,255. The disclosure for this sale can be found here. In the last three months, insiders sold 25,448 shares of company stock valued at $2,340,990. 4.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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