Paradigm Asset Management Co. LLC boosted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,650 shares of the transportation company’s stock after buying an additional 50 shares during the period. Paradigm Asset Management Co. LLC’s holdings in J.B. Hunt Transport Services were worth $151,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its stake 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 valued at $119,000 after buying an additional 43 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in J.B. Hunt Transport Services by 1.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after buying an additional 20 shares in the last quarter. Van ECK Associates Corp raised its stake in J.B. Hunt Transport Services by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock valued at $135,000 after buying an additional 95 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in J.B. Hunt Transport Services during the second quarter valued at approximately $173,000. Finally, Global X Management Co. LLC raised its stake in J.B. Hunt Transport Services by 28.9% in the first quarter. Global X Management Co. LLC now owns 1,952 shares of the transportation company’s stock valued at $179,000 after buying an additional 438 shares in the last quarter. Institutional investors own 71.60% of the company’s stock.

J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) opened at 100.06 on Wednesday. The stock has a market capitalization of $10.95 billion, a P/E ratio of 26.25 and a beta of 0.94. J.B. Hunt Transport Services, Inc. has a 1-year low of $76.20 and a 1-year high of $102.38. The stock has a 50 day moving average of $93.17 and a 200 day moving average 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 earnings per share for the quarter, missing the Zacks’ consensus estimate 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%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post $3.88 earnings per share for the current year.

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

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Several analysts have recently issued reports on the stock. BidaskClub lowered shares of J.B. Hunt Transport Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus set a $91.00 target price on shares of J.B. Hunt Transport Services and gave the company a “hold” rating in a research report on Wednesday, August 23rd. Cowen and Company reiterated a “buy” rating and issued a $102.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, J P Morgan Chase & Co assumed coverage on shares of J.B. Hunt Transport Services in a research report on Tuesday, May 23rd. They issued an “overweight” rating and a $107.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. J.B. Hunt Transport Services has an average rating of “Hold” and a consensus target price of $98.80.

In other J.B. Hunt Transport Services news, SVP John Kuhlow sold 810 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $93.71, for a total transaction of $75,905.10. Following the transaction, the senior vice president now owns 3,999 shares of the company’s stock, valued at approximately $374,746.29. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman James K. Thompson sold 8,503 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $91.76, for a total value of $780,235.28. Following the transaction, the chairman now directly owns 51,846 shares in the company, valued at approximately $4,757,388.96. The disclosure for this sale can be found here. Insiders sold a total of 38,148 shares of company stock worth $3,533,955 in the last three months. 4.30% of the stock is currently 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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