L & S Advisors Inc purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,601 shares of the transportation company’s stock, valued at approximately $1,334,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of J.B. Hunt Transport Services by 1.9% during the second quarter. Vanguard Group Inc. now owns 9,568,454 shares of the transportation company’s stock worth $874,366,000 after acquiring an additional 174,616 shares in the last quarter. BlackRock Inc. raised its holdings in shares of J.B. Hunt Transport Services by 2,611.8% during the first quarter. BlackRock Inc. now owns 6,252,515 shares of the transportation company’s stock worth $573,604,000 after acquiring an additional 6,021,944 shares during the period. State Street Corp lifted its position in J.B. Hunt Transport Services by 0.6% in the 1st quarter. State Street Corp now owns 3,804,690 shares of the transportation company’s stock valued at $349,041,000 after acquiring an additional 22,884 shares in the last quarter. Bank of New York Mellon Corp lifted its position in J.B. Hunt Transport Services by 25.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,655,290 shares of the transportation company’s stock valued at $242,640,000 after acquiring an additional 531,089 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in J.B. Hunt Transport Services by 0.9% in the 2nd quarter. Bessemer Group Inc. now owns 2,087,101 shares of the transportation company’s stock valued at $190,720,000 after acquiring an additional 18,900 shares in the last quarter. Institutional investors own 71.54% of the company’s stock.

In related news, EVP Terrence D. Matthews sold 2,694 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $101.00, for a total value of $272,094.00. Following the sale, the executive vice president now owns 21,140 shares in the company, valued at approximately $2,135,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David G. Mee sold 10,767 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $91.29, for a total transaction of $982,919.43. Following the completion of the transaction, the chief financial officer now directly owns 109,500 shares in the company, valued at approximately $9,996,255. The disclosure for this sale can be found here. Insiders have sold 1,052,872 shares of company stock valued at $103,066,436 over the last quarter. Corporate insiders own 4.30% of the company’s stock.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) traded down 1.994% on Monday, hitting $108.865. The company’s stock had a trading volume of 222,328 shares. J.B. Hunt Transport Services, Inc. has a 12 month low of $76.20 and a 12 month high of $111.98. The stock has a market cap of $11.91 billion, a PE ratio of 28.558 and a beta of 0.96. The firm has a 50 day moving average of $97.10 and a 200-day moving average of $91.90.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.04). J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post $3.86 earnings per share for the current fiscal year.

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A number of brokerages recently weighed in on JBHT. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $105.00 target price (up from $100.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. Stifel Nicolaus reiterated a “hold” rating and set a $88.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, June 23rd. Cowen and Company reissued a “buy” rating and issued a $102.00 price target on shares of J.B. Hunt Transport Services in a research note on Sunday. BidaskClub downgraded J.B. Hunt Transport Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $102.88.

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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