Rothschild Asset Management Inc. increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 29.1% during the second quarter, Holdings Channel reports. The fund owned 6,512 shares of the transportation company’s stock after buying an additional 1,469 shares during the period. Rothschild Asset Management Inc.’s holdings in J.B. Hunt Transport Services were worth $595,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in JBHT. Mn Services Vermogensbeheer B.V. boosted its stake in J.B. Hunt Transport Services by 3.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,393 shares of the transportation company’s stock valued at $205,000 after buying an additional 88 shares during the last quarter. Nationwide Fund Advisors boosted its stake in J.B. Hunt Transport Services by 1.0% in the first quarter. Nationwide Fund Advisors now owns 389,641 shares of the transportation company’s stock valued at $35,746,000 after buying an additional 3,729 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in J.B. Hunt Transport Services during the first quarter valued at $274,000. Oakbrook Investments LLC boosted its stake in J.B. Hunt Transport Services by 82.7% in the first quarter. Oakbrook Investments LLC now owns 6,850 shares of the transportation company’s stock valued at $628,000 after buying an additional 3,100 shares during the last quarter. Finally, Oliver Luxxe Assets LLC boosted its stake in J.B. Hunt Transport Services by 5.2% in the first quarter. Oliver Luxxe Assets LLC now owns 8,881 shares of the transportation company’s stock valued at $815,000 after buying an additional 435 shares during the last quarter. Institutional investors and hedge funds own 73.09% of the company’s stock.

J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) opened at 92.10 on Friday. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 24.16 and a beta of 0.94. J.B. Hunt Transport Services, Inc. has a 52-week low of $76.20 and a 52-week high of $102.38. The company has a 50-day moving average of $91.12 and a 200 day moving average of $91.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by $0.04. The business 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%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post $3.88 EPS for the current year.

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

J.B. Hunt Transport Services announced that its board has initiated a share buyback plan on Thursday, April 20th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the transportation company to buy up to 51% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: This news story was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/rothschild-asset-management-inc-increases-position-in-j-b-hunt-transport-services-inc-jbht/1472420.html.

Several equities research analysts recently weighed in on the stock. Bank of America Corporation reiterated a “buy” rating and issued a $109.00 target price (up previously from $98.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 10th. Wells Fargo & Company reiterated an “outperform” rating and issued a $105.00 target price (up previously from $100.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. Morgan Stanley reiterated an “equal weight” rating and issued a $84.00 target price (down previously from $85.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. BidaskClub upgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Loop Capital reiterated a “buy” rating and issued a $103.00 target price (down previously from $105.00) on shares of J.B. Hunt Transport Services in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, eight have given 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 other J.B. Hunt Transport Services news, CFO David G. Mee sold 10,767 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $91.29, for a total value of $982,919.43. Following the completion of the sale, the chief financial officer now owns 109,500 shares of the company’s stock, valued at approximately $9,996,255. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John N. Roberts sold 7,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $91.25, for a total transaction of $638,750.00. Following the completion of the sale, the insider now directly owns 267,377 shares of the company’s stock, valued at approximately $24,398,151.25. The disclosure for this sale can be found here. Insiders sold a total of 32,448 shares of company stock valued at $2,979,740 in the last three months. Insiders own 4.30% of the company’s stock.

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.

Want to see what other hedge funds are holding JBHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT).

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

Receive News & Ratings for J.B. Hunt Transport Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.