Andra AP fonden cut its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 16.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,100 shares of the transportation company’s stock after selling 6,200 shares during the period. Andra AP fonden’s holdings in J.B. Hunt Transport Services were worth $2,933,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. raised its stake in shares of J.B. Hunt Transport Services by 0.8% in the second quarter. Contravisory Investment Management Inc. now owns 2,605 shares of the transportation company’s stock worth $238,000 after buying an additional 20 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of J.B. Hunt Transport Services by 1.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 143,459 shares of the transportation company’s stock worth $13,109,000 after buying an additional 1,439 shares during the period. Lazard Asset Management LLC raised its stake in shares of J.B. Hunt Transport Services by 912.4% in the first quarter. Lazard Asset Management LLC now owns 329,257 shares of the transportation company’s stock worth $30,205,000 after buying an additional 296,736 shares during the period. American Century Companies Inc. raised its stake in shares of J.B. Hunt Transport Services by 30.8% in the second quarter. American Century Companies Inc. now owns 1,095,010 shares of the transportation company’s stock worth $100,062,000 after buying an additional 257,725 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its stake in shares of J.B. Hunt Transport Services by 3.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock worth $119,000 after buying an additional 43 shares during the period. 71.60% of the stock is owned by institutional investors.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) opened at 99.35 on Friday. The company has a market capitalization of $10.87 billion, a P/E ratio of 26.06 and a beta of 0.93. J.B. Hunt Transport Services, Inc. has a 12 month low of $76.20 and a 12 month high of $102.38. The company has a 50-day moving average price of $94.18 and a 200-day moving average price of $91.88.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results 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. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts forecast that J.B. Hunt Transport Services, Inc. will post $3.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Thursday, August 3rd. J.B. Hunt Transport Services’s payout ratio is 24.08%.

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A number of equities research analysts have issued reports on the stock. Cowen and Company reaffirmed a “buy” rating and set a $102.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, August 25th. Stifel Nicolaus set a $91.00 price objective on shares of J.B. Hunt Transport Services and gave the company a “hold” rating in a report on Wednesday, August 23rd. BidaskClub raised shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Zacks Investment Research raised shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Loop Capital reaffirmed a “buy” rating and set a $103.00 price objective (down from $105.00) on shares of J.B. Hunt Transport Services in a report on Saturday, July 22nd. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $98.80.

In other J.B. Hunt Transport Services news, Chairman James K. Thompson sold 8,503 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $91.76, for a total value of $780,235.28. Following the completion of the sale, the chairman now directly owns 51,846 shares in the company, valued at approximately $4,757,388.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Bradley W. Hicks sold 1,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $94.73, for a total value of $94,730.00. Following the completion of the sale, the executive vice president now owns 18,690 shares of the company’s stock, valued at $1,770,503.70. The disclosure for this sale can be found here. Insiders have sold 1,049,178 shares of company stock valued at $102,695,242 over the last quarter. 4.30% of the stock is owned by company 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.

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

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