Pinebridge Investments L.P. bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,251 shares of the transportation company’s stock, valued at approximately $297,000.

Several other hedge funds have also recently modified their holdings of JBHT. UBS Asset Management Americas Inc. grew its position in shares of J.B. Hunt Transport Services by 6.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 247,797 shares of the transportation company’s stock worth $22,644,000 after buying an additional 15,284 shares in the last quarter. Rafferty Asset Management LLC increased its stake in shares of J.B. Hunt Transport Services by 36.6% during the second quarter. Rafferty Asset Management LLC now owns 16,716 shares of the transportation company’s stock valued at $1,528,000 after buying an additional 4,477 shares during the period. ProShare Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 27.1% during the second quarter. ProShare Advisors LLC now owns 41,950 shares of the transportation company’s stock valued at $3,833,000 after buying an additional 8,952 shares during the period. Profund Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 0.7% during the second quarter. Profund Advisors LLC now owns 8,160 shares of the transportation company’s stock valued at $746,000 after buying an additional 55 shares during the period. Finally, Amalgamated Bank increased its stake in shares of J.B. Hunt Transport Services by 50.9% during the second quarter. Amalgamated Bank now owns 10,095 shares of the transportation company’s stock valued at $922,000 after buying an additional 3,407 shares during the period. Institutional investors and hedge funds own 71.54% of the company’s stock.

J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) opened at 109.07 on Wednesday. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 28.61 and a beta of 0.97. The firm has a 50-day moving average of $101.61 and a 200 day moving average of $92.74. J.B. Hunt Transport Services, Inc. has a 12-month low of $76.20 and a 12-month high of $111.98.

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

In other news, EVP Terrence D. Matthews sold 2,694 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $101.00, for a total value of $272,094.00. Following the transaction, 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 SEC, which is available at this hyperlink. Also, SVP John Kuhlow sold 810 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $93.71, for a total value of $75,905.10. Following the completion of the transaction, the senior vice president now owns 3,999 shares in the company, valued at approximately $374,746.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,052,872 shares of company stock worth $103,066,436. 4.30% of the stock is owned by insiders.

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JBHT has been the subject of several recent research reports. Barclays PLC lifted their price objective on J.B. Hunt Transport Services from $97.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday. Cowen and Company reiterated a “buy” rating and set a $102.00 target price on shares of J.B. Hunt Transport Services in a report on Sunday. Stifel Nicolaus upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and increased their target price for the stock from $91.00 to $125.00 in a report on Friday, September 29th. KeyCorp reissued a “buy” rating and set a $115.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, September 22nd. Finally, BMO Capital Markets reissued a “hold” rating and set a $95.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, September 20th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. J.B. Hunt Transport Services currently has an average rating of “Buy” and a consensus price target of $103.38.

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.

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

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