Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 265,251 shares of the transportation company’s stock after buying an additional 2,607 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.24% of J.B. Hunt Transport Services worth $24,239,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of J.B. Hunt Transport Services by 2,611.8% in the first quarter. BlackRock Inc. now owns 6,252,515 shares of the transportation company’s stock valued at $573,604,000 after buying an additional 6,021,944 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of J.B. Hunt Transport Services by 25.0% in the second quarter. Bank of New York Mellon Corp now owns 2,655,290 shares of the transportation company’s stock valued at $242,640,000 after buying an additional 531,089 shares during the period. Renaissance Technologies LLC boosted its stake in shares of J.B. Hunt Transport Services by 423.1% in the first quarter. Renaissance Technologies LLC now owns 625,344 shares of the transportation company’s stock valued at $57,369,000 after buying an additional 505,800 shares during the period. Morgan Stanley boosted its stake in shares of J.B. Hunt Transport Services by 228.3% in the first quarter. Morgan Stanley now owns 618,315 shares of the transportation company’s stock valued at $56,724,000 after buying an additional 430,000 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of J.B. Hunt Transport Services by 4.1% in the first quarter. Vanguard Group Inc. now owns 9,393,838 shares of the transportation company’s stock valued at $861,790,000 after buying an additional 370,811 shares during the period. Hedge funds and other institutional investors own 71.60% of the company’s stock.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at 98.89 on Friday. The stock has a market capitalization of $10.82 billion, a P/E ratio of 25.94 and a beta of 0.94. 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 of $93.95 and a 200-day moving average of $91.89.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.74 billion. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. J.B. Hunt Transport Services’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post $3.88 earnings per share for the current fiscal year.

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

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A number of brokerages have issued reports on JBHT. Zacks Investment Research cut shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Wells Fargo & Company restated an “outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 18th. BidaskClub upgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Bank of America Corporation restated a “buy” rating and set a $109.00 target price (up previously from $98.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 10th. Finally, Morgan Stanley restated an “equal weight” rating and set a $84.00 target price (down previously from $85.00) on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 18th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $98.80.

In other news, EVP Shelley Simpson sold 3,700 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $97.05, for a total value of $359,085.00. Following the completion of the sale, the executive vice president now directly owns 55,944 shares of the company’s stock, valued at $5,429,365.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nicholas Hobbs sold 4,000 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $93.55, for a total transaction of $374,200.00. Following the completion of the sale, the executive vice president now directly owns 51,232 shares of the company’s stock, valued at $4,792,753.60. The disclosure for this sale can be found here. Insiders sold 1,049,178 shares of company stock valued at $102,695,242 over the last three months. 4.30% of the stock is owned by insiders.

About J.B. Hunt Transport Services

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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