Formula Growth Ltd. held its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,250 shares of the transportation company’s stock at the close of the 2nd quarter. Formula Growth Ltd.’s holdings in J.B. Hunt Transport Services were worth $1,211,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in J.B. Hunt Transport Services by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 9,568,454 shares of the transportation company’s stock worth $874,366,000 after purchasing an additional 174,616 shares during the period. BlackRock Inc. boosted its position in J.B. Hunt Transport Services by 2,611.8% during the 1st quarter. BlackRock Inc. now owns 6,252,515 shares of the transportation company’s stock worth $573,604,000 after purchasing an additional 6,021,944 shares during the period. State Street Corp boosted its position in J.B. Hunt Transport Services by 0.6% during the 1st quarter. State Street Corp now owns 3,804,690 shares of the transportation company’s stock worth $349,041,000 after purchasing an additional 22,884 shares during the period. Bank of New York Mellon Corp boosted its position in J.B. Hunt Transport Services by 25.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,655,290 shares of the transportation company’s stock worth $242,640,000 after purchasing an additional 531,089 shares during the period. Finally, Bessemer Group Inc. boosted its position in J.B. Hunt Transport Services by 0.9% during the 2nd quarter. Bessemer Group Inc. now owns 2,087,101 shares of the transportation company’s stock worth $190,720,000 after purchasing an additional 18,900 shares during the period. 71.54% of the stock is owned by hedge funds and other institutional investors.

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $99.10, for a total value of $99,100.00. Following the sale, the executive vice president now directly owns 4,060 shares in the company, valued at approximately $402,346. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Terrence D. Matthews sold 2,694 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $101.00, for a total transaction of $272,094.00. Following the completion of the sale, the executive vice president now owns 21,140 shares in the company, valued at $2,135,140. The disclosure for this sale can be found here. Insiders sold a total of 1,052,872 shares of company stock worth $103,066,436 over the last quarter. 4.30% of the stock is currently owned by company insiders.

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Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at 105.75 on Friday. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 27.74 and a beta of 0.93. The stock has a 50 day moving average of $97.10 and a 200-day moving average of $91.90. J.B. Hunt Transport Services, Inc. has a 52 week low of $76.20 and a 52 week high of $105.92.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.04). J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post $3.88 earnings per share for the current year.

A number of analysts recently weighed in on the stock. KeyCorp reaffirmed a “buy” rating and set a $115.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday. Zacks Investment Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Tuesday, September 19th. BMO Capital Markets reaffirmed a “hold” rating and set a $95.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday. Cowen and Company reaffirmed a “buy” rating and set a $102.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, August 25th. Finally, BidaskClub raised shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $100.75.

J.B. Hunt Transport Services 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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