American Century Companies Inc. boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 30.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,095,010 shares of the transportation company’s stock after buying an additional 257,725 shares during the period. American Century Companies Inc. owned approximately 1.00% of J.B. Hunt Transport Services worth $100,062,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. increased its position in 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. Lazard Asset Management LLC increased its position in 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. Bronfman E.L. Rothschild L.P. increased its position in 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. Martingale Asset Management L P purchased a new position in J.B. Hunt Transport Services during the first quarter worth about $5,945,000. Finally, Ameritas Investment Partners Inc. increased its position in J.B. Hunt Transport Services by 86.6% in the first quarter. Ameritas Investment Partners Inc. now owns 4,331 shares of the transportation company’s stock worth $397,000 after buying an additional 2,010 shares during the period. Institutional investors and hedge funds own 73.14% of the company’s stock.

J.B. Hunt Transport Services, Inc. (JBHT) opened at 97.66 on Friday. The company has a market capitalization of $10.69 billion, a P/E ratio of 25.62 and a beta of 0.94. The stock’s 50 day moving average price is $93.17 and its 200 day moving average price is $91.88. 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 announced its quarterly earnings results 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 for 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%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post $3.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, August 3rd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 24.08%.

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JBHT has been the subject of a number of research reports. BidaskClub downgraded J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Monday, May 15th. J P Morgan Chase & Co initiated coverage on J.B. Hunt Transport Services in a report on Tuesday, May 23rd. They issued an “overweight” rating and a $107.00 price objective for the company. Bank of America Corporation reiterated a “buy” rating and issued a $109.00 price objective (up previously from $98.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $84.00 price objective (down previously from $85.00) on shares of J.B. Hunt Transport Services in a report on Tuesday, July 18th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. J.B. Hunt Transport Services has a consensus rating of “Hold” and a consensus target price of $98.80.

In other J.B. Hunt Transport Services news, EVP Shelley Simpson sold 3,700 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $97.05, for a total transaction 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 approximately $5,429,365.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bradley W. Hicks sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $94.73, for a total value of $94,730.00. Following the sale, the executive vice president now directly 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 a total of 37,148 shares of company stock valued at $3,433,555 over the last ninety days. 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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