Advisor Group Inc. grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,309 shares of the transportation company’s stock after purchasing an additional 187 shares during the period. Advisor Group Inc.’s holdings in J.B. Hunt Transport Services were worth $1,208,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of J.B. Hunt Transport Services by 3.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 43 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of J.B. Hunt Transport Services by 1.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 20 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of J.B. Hunt Transport Services by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 95 shares during the last quarter. Paradigm Asset Management Co. LLC raised its holdings in shares of J.B. Hunt Transport Services by 3.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after purchasing an additional 50 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $173,000. Institutional investors own 71.54% of the company’s stock.

Several brokerages have recently commented on JBHT. 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 company from $91.00 to $125.00 in a report on Friday. KeyCorp restated a “buy” rating and set a $115.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, September 22nd. BMO Capital Markets restated a “hold” rating and set a $95.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, September 20th. 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 objective for the company in a report on Tuesday, September 19th. Finally, Cowen and Company restated a “buy” rating and set a $102.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, August 25th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. J.B. Hunt Transport Services presently has an average rating of “Buy” and an average price target of $102.88.

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In other 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 transaction of $272,094.00. Following the completion of the sale, the executive vice president now owns 21,140 shares of the company’s stock, valued at approximately $2,135,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman James K. Thompson sold 8,503 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $91.76, for a total transaction of $780,235.28. Following the sale, the chairman now directly owns 51,846 shares of the company’s stock, valued at approximately $4,757,388.96. The disclosure for this sale can be found here. Insiders have sold a total of 1,052,872 shares of company stock valued at $103,066,436 in the last ninety days. Insiders own 4.30% of the company’s stock.

J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) opened at 111.08 on Friday. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 29.14 and a beta of 0.93. J.B. Hunt Transport Services, Inc. has a 12 month low of $76.20 and a 12 month high of $111.60. The firm’s 50-day moving average is $97.10 and its 200-day moving average is $91.90.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm posted $0.92 EPS. J.B. Hunt Transport Services’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post $3.86 EPS for the current fiscal year.

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.

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

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