AHL Partners LLP acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,333 shares of the transportation company’s stock, valued at approximately $3,228,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. D.A. Davidson & CO. increased its holdings in J.B. Hunt Transport Services by 0.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,733 shares of the transportation company’s stock worth $249,000 after buying an additional 12 shares during the period. Alps Advisors Inc. increased its holdings in J.B. Hunt Transport Services by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,071 shares of the transportation company’s stock worth $463,000 after buying an additional 14 shares during the period. Farmers & Merchants Investments Inc. increased its holdings in J.B. Hunt Transport Services by 1.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock worth $130,000 after buying an additional 20 shares during the period. Contravisory Investment Management Inc. increased its holdings in J.B. Hunt Transport Services by 0.8% in the 2nd quarter. Contravisory Investment Management Inc. now owns 2,605 shares of the transportation company’s stock worth $238,000 after buying an additional 20 shares during the period. Finally, Tudor Investment Corp ET AL increased its holdings in J.B. Hunt Transport Services by 0.4% in the 2nd quarter. Tudor Investment Corp ET AL now owns 5,849 shares of the transportation company’s stock worth $534,000 after buying an additional 22 shares during the period. Hedge funds and other institutional investors own 71.54% of the company’s stock.

J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) opened at 106.17 on Wednesday. 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 $11.62 billion, a price-to-earnings ratio of 27.85 and a beta of 0.97. The stock’s 50 day moving average price is $103.00 and its 200-day moving average price is $93.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the Zacks’ 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 period in the prior year, the company earned $0.92 EPS. The company’s revenue was up 6.9% on a year-over-year basis. Equities research analysts predict that J.B. Hunt Transport Services, Inc. will post $3.85 EPS for the current year.

JBHT has been the topic of several research reports. BidaskClub downgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Loop Capital reiterated a “buy” rating and issued a $116.00 price target (up previously from $103.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, October 4th. Robert W. Baird reiterated a “hold” rating and issued a $112.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, October 6th. Zacks Investment Research upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Tuesday, September 19th. Finally, KeyCorp reiterated a “buy” rating and issued a $115.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, September 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $105.88.

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In related news, CFO David G. Mee sold 10,767 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $91.29, for a total transaction of $982,919.43. Following the transaction, the chief financial officer now owns 109,500 shares of the company’s stock, valued at $9,996,255. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Kuhlow sold 810 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $93.71, for a total value of $75,905.10. Following the transaction, the senior vice president now directly owns 3,999 shares in the company, valued at approximately $374,746.29. The disclosure for this sale can be found here. Insiders have sold 1,052,872 shares of company stock worth $103,066,436 in the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

About J.B. Hunt Transport Services

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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