Soapstone Management L.P. increased its holdings in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,750 shares of the transportation company’s stock after purchasing an additional 750 shares during the period. J B Hunt Transport Services accounts for about 2.2% of Soapstone Management L.P.’s holdings, making the stock its 14th biggest holding. Soapstone Management L.P.’s holdings in J B Hunt Transport Services were worth $4,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Janus Henderson Group PLC boosted its position in J B Hunt Transport Services by 55.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,250,182 shares of the transportation company’s stock valued at $151,960,000 after buying an additional 447,102 shares during the last quarter. Morgan Stanley boosted its position in J B Hunt Transport Services by 121.8% in the 2nd quarter. Morgan Stanley now owns 505,965 shares of the transportation company’s stock valued at $61,502,000 after buying an additional 277,862 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in J B Hunt Transport Services by 77.1% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 480,027 shares of the transportation company’s stock valued at $58,347,000 after buying an additional 208,922 shares during the last quarter. CIBC World Markets Inc. purchased a new position in J B Hunt Transport Services in the 2nd quarter valued at about $23,516,000. Finally, Renaissance Technologies LLC purchased a new position in J B Hunt Transport Services in the 2nd quarter valued at about $10,726,000. 73.42% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on JBHT shares. Morgan Stanley upped their price objective on shares of J B Hunt Transport Services from $115.00 to $119.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 17th. BidaskClub cut shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Friday, August 31st. Zacks Investment Research raised shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Tuesday, July 3rd. BMO Capital Markets increased their price target on shares of J B Hunt Transport Services from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 20th. They noted that the move was a valuation call. Finally, Credit Suisse Group increased their price target on shares of J B Hunt Transport Services from $140.00 to $143.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. J B Hunt Transport Services presently has a consensus rating of “Hold” and a consensus price target of $129.74.

In related news, Chairman James K. Thompson sold 16,269 shares of the stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $122.00, for a total transaction of $1,984,818.00. Following the sale, the chairman now owns 41,559 shares in the company, valued at $5,070,198. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David G. Mee sold 6,126 shares of the stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $121.47, for a total transaction of $744,125.22. Following the sale, the chief financial officer now owns 110,500 shares in the company, valued at approximately $13,422,435. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,018 shares of company stock worth $4,630,817. 4.20% of the stock is owned by company insiders.

Shares of JBHT stock opened at $125.28 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.37. J B Hunt Transport Services Inc has a one year low of $99.33 and a one year high of $131.74. The stock has a market cap of $13.83 billion, a PE ratio of 33.50, a P/E/G ratio of 1.56 and a beta of 0.92.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Monday, July 16th. The transportation company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.09. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.05 billion. J B Hunt Transport Services had a net margin of 9.54% and a return on equity of 26.63%. J B Hunt Transport Services’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. analysts anticipate that J B Hunt Transport Services Inc will post 5.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 17th. Investors of record on Friday, August 3rd were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, August 2nd. This represents a $0.96 annualized dividend and a yield of 0.77%. J B Hunt Transport Services’s dividend payout ratio (DPR) is 25.67%.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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