AMP Capital Investors Ltd lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 31.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 25,465 shares of the transportation company’s stock after selling 11,865 shares during the period. AMP Capital Investors Ltd’s holdings in J.B. Hunt Transport Services were worth $2,828,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Nomura Asset Management Co. Ltd. increased its stake in J.B. Hunt Transport Services by 6.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 13,248 shares of the transportation company’s stock worth $1,472,000 after buying an additional 812 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in J.B. Hunt Transport Services by 30.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 24,561 shares of the transportation company’s stock worth $2,740,000 after buying an additional 5,700 shares in the last quarter. Engineers Gate Manager LP increased its stake in J.B. Hunt Transport Services by 81.4% in the 3rd quarter. Engineers Gate Manager LP now owns 11,935 shares of the transportation company’s stock worth $1,326,000 after buying an additional 5,357 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in J.B. Hunt Transport Services by 24.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 21,947 shares of the transportation company’s stock worth $2,440,000 after buying an additional 4,316 shares in the last quarter. Finally, Nicholas Investment Partners LP increased its stake in J.B. Hunt Transport Services by 99.2% in the 3rd quarter. Nicholas Investment Partners LP now owns 34,676 shares of the transportation company’s stock worth $3,852,000 after buying an additional 17,269 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

J.B. Hunt Transport Services, Inc. (JBHT) opened at $112.37 on Monday. The firm has a market capitalization of $12,330.00, a PE ratio of 30.54, a PEG ratio of 2.30 and a beta of 1.05. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.74. J.B. Hunt Transport Services, Inc. has a 12-month low of $83.35 and a 12-month high of $113.04.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 3.76 EPS for the current year.

In related news, Director Earl Wayne Garrison sold 100,000 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $109.29, for a total value of $10,929,000.00. Following the completion of the transaction, the director now owns 2,050,000 shares of the company’s stock, valued at approximately $224,044,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Kuhlow sold 500 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $112.55, for a total transaction of $56,275.00. Following the completion of the transaction, the senior vice president now directly owns 3,499 shares of the company’s stock, valued at approximately $393,812.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,500 shares of company stock valued at $11,095,605. 4.30% of the stock is owned by insiders.

JBHT has been the subject of a number of analyst reports. Credit Suisse Group reiterated a “buy” rating and issued a $114.00 price target (up previously from $100.00) on shares of J.B. Hunt Transport Services in a research note on Thursday, October 12th. They noted that the move was a valuation call. J P Morgan Chase & Co increased their price target on J.B. Hunt Transport Services from $108.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Stifel Nicolaus upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $91.00 to $125.00 in a research report on Friday, September 29th. Cowen restated a “buy” rating and set a $102.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, August 25th. Finally, Robert W. Baird restated a “hold” rating and set a $112.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, October 6th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. J.B. Hunt Transport Services currently has an average rating of “Buy” and a consensus price target of $110.00.

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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.

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

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