Public Employees Retirement Association of Colorado boosted its position in shares of JB Hunt Transport Services Inc. (NASDAQ:JBHT) by 21.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 171,169 shares of the company’s stock after buying an additional 30,159 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.15% of JB Hunt Transport Services worth $13,853,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBHT. Montag & Caldwell LLC boosted its position in JB Hunt Transport Services by 0.4% in the second quarter. Montag & Caldwell LLC now owns 10,455 shares of the company’s stock worth $847,000 after buying an additional 40 shares in the last quarter. Trillium Asset Management LLC boosted its position in JB Hunt Transport Services by 1.1% in the second quarter. Trillium Asset Management LLC now owns 170,672 shares of the company’s stock worth $13,812,000 after buying an additional 1,912 shares in the last quarter. ING Groep NV purchased a new position in JB Hunt Transport Services during the second quarter worth approximately $256,000. Comgest Global Investors S.A.S. boosted its position in JB Hunt Transport Services by 24.5% in the second quarter. Comgest Global Investors S.A.S. now owns 52,900 shares of the company’s stock worth $4,281,000 after buying an additional 10,400 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its position in JB Hunt Transport Services by 9,378.7% in the second quarter. Capital Fund Management S.A. now owns 104,266 shares of the company’s stock worth $8,438,000 after buying an additional 103,166 shares in the last quarter. 71.59% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of JB Hunt Transport Services Inc. (NASDAQ:JBHT) traded down 1.18% during mid-day trading on Thursday, reaching $80.30. 1,079,914 shares of the company’s stock traded hands. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 21.10 and a beta of 0.92. JB Hunt Transport Services Inc. has a 12-month low of $63.58 and a 12-month high of $89.43. The stock has a 50-day moving average price of $80.46 and a 200 day moving average price of $82.11.

JB Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Monday, July 18th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by $0.05. JB Hunt Transport Services had a return on equity of 33.52% and a net margin of 6.88%. The business earned $1.62 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts anticipate that JB Hunt Transport Services Inc. will post $3.91 EPS for the current fiscal year.

A number of research firms recently commented on JBHT. KeyCorp reissued a “buy” rating and issued a $92.00 target price on shares of JB Hunt Transport Services in a research note on Sunday. Zacks Investment Research cut JB Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Barclays PLC reduced their price objective on JB Hunt Transport Services from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, September 12th. Buckingham Research raised JB Hunt Transport Services from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Tuesday, July 26th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $84.00 price objective (down from $88.00) on shares of JB Hunt Transport Services in a research note on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $91.29.

In other news, EVP Nicholas Hobbs sold 1,201 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $83.30, for a total value of $100,043.30. Following the sale, the executive vice president now directly owns 49,474 shares in the company, valued at approximately $4,121,184.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Earl Wayne Garrison sold 50,000 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $84.04, for a total transaction of $4,202,000.00. Following the completion of the sale, the director now owns 2,350,000 shares in the company, valued at $197,494,000. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by insiders.

About JB Hunt Transport Services

J.B. Hunt Transport Services, Inc is a holding company. The Company is a surface transportation, delivery, and logistics company in North America. The Company, through its subsidiaries, provides transportation and delivery services to various customers and consumers throughout the continental United States, Canada and Mexico.

5 Day Chart for NASDAQ:JBHT

Receive News & Stock Ratings for JB Hunt Transport Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JB Hunt Transport Services Inc. and related stocks with our FREE daily email newsletter.