Louisiana State Employees Retirement System maintained its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, Holdings Channel reports. The institutional investor owned 5,300 shares of the transportation company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in J.B. Hunt Transport Services were worth $484,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC boosted its stake in J.B. Hunt Transport Services by 14.1% in the second quarter. LS Investment Advisors LLC now owns 5,232 shares of the transportation company’s stock worth $478,000 after buying an additional 646 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in J.B. Hunt Transport Services by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 21,230 shares of the transportation company’s stock worth $1,940,000 after buying an additional 100 shares during the last quarter. Horrell Capital Management Inc. boosted its stake in J.B. Hunt Transport Services by 3.9% in the second quarter. Horrell Capital Management Inc. now owns 47,481 shares of the transportation company’s stock worth $4,339,000 after buying an additional 1,795 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in J.B. Hunt Transport Services by 504.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 14,475 shares of the transportation company’s stock worth $1,323,000 after buying an additional 12,082 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in J.B. Hunt Transport Services during the second quarter worth approximately $173,000. Institutional investors own 73.09% of the company’s stock.

J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) traded up 2.82% during midday trading on Friday, hitting $94.70. 1,306,596 shares of the stock traded hands. The company’s 50 day moving average price is $91.36 and its 200 day moving average price is $91.98. J.B. Hunt Transport Services, Inc. has a 12 month low of $76.20 and a 12 month high of $102.38. The firm has a market cap of $10.36 billion, a PE ratio of 24.84 and a beta of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, missing the 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 net margin of 6.32% and a return on equity of 30.00%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. Equities research analysts predict that J.B. Hunt Transport Services, Inc. will post $3.88 earnings per share for the current fiscal year.

J.B. Hunt Transport Services announced that its Board of Directors has authorized a stock repurchase program on Thursday, April 20th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 51% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, August 3rd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 24.08%.

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A number of equities research analysts have commented on the stock. BidaskClub upgraded shares of J.B. Hunt Transport Services from a “strong sell” rating to a “sell” rating in a research note on Friday. Zacks Investment Research upgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and set a $91.00 target price on shares of J.B. Hunt Transport Services in a research note on Sunday, July 23rd. Loop Capital restated a “buy” rating and set 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. Finally, 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 note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. J.B. Hunt Transport Services currently has an average rating of “Hold” and a consensus price target of $98.73.

In other news, SVP John Kuhlow sold 810 shares of the firm’s 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 sale, the senior vice president now owns 3,999 shares of the company’s stock, valued at approximately $374,746.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman James K. Thompson sold 8,503 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $91.76, for a total value of $780,235.28. Following the sale, 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 have sold a total of 32,448 shares of company stock worth $2,979,740 in the last three months. Corporate insiders own 4.30% of the company’s stock.

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.

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

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