Flinton Capital Management LLC boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,536 shares of the transportation company’s stock after purchasing an additional 928 shares during the quarter. Flinton Capital Management LLC’s holdings in J.B. Hunt Transport Services were worth $1,603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBHT. BlackRock Inc. boosted its stake in J.B. Hunt Transport Services by 2,611.8% in the 1st quarter. BlackRock Inc. now owns 6,252,515 shares of the transportation company’s stock valued at $573,604,000 after purchasing an additional 6,021,944 shares during the period. Sustainable Growth Advisers LP bought a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $147,610,000. Bank of New York Mellon Corp boosted its stake 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 purchasing an additional 531,089 shares during the period. Renaissance Technologies LLC boosted its stake in J.B. Hunt Transport Services by 423.1% in the 1st quarter. Renaissance Technologies LLC now owns 625,344 shares of the transportation company’s stock valued at $57,369,000 after purchasing an additional 505,800 shares during the period. Finally, Morgan Stanley boosted its stake in J.B. Hunt Transport Services by 228.3% in the 1st quarter. Morgan Stanley now owns 618,315 shares of the transportation company’s stock valued at $56,724,000 after purchasing an additional 430,000 shares during the period. Institutional investors and hedge funds own 71.54% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Flinton Capital Management LLC Purchases 928 Shares of J.B. Hunt Transport Services, Inc. (JBHT)” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.watchlistnews.com/flinton-capital-management-llc-purchases-928-shares-of-j-b-hunt-transport-services-inc-jbht/1615029.html.

Several analysts recently issued reports on JBHT shares. Loop Capital restated a “buy” rating and issued a $103.00 price target (down from $105.00) on shares of J.B. Hunt Transport Services in a research note on Saturday, July 22nd. Bank of America Corporation restated a “buy” rating and issued a $109.00 price target (up from $98.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 10th. Cowen and Company restated a “buy” rating and issued a $102.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, August 25th. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Tuesday, September 19th. Finally, KeyCorp restated a “buy” rating and issued a $115.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, September 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $105.88.

J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) opened at 106.73 on Friday. The firm has a market cap of $11.68 billion, a PE ratio of 28.00 and a beta of 0.97. The stock’s 50 day moving average price is $102.49 and its 200-day moving average price is $93.05. 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 posted its quarterly earnings results on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.04). The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. J.B. Hunt Transport Services’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 earnings per share. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post $3.85 earnings per share for the current fiscal year.

In related news, major shareholder J B. Hunt Llc sold 975,000 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $98.00, for a total transaction of $95,550,000.00. Following the completion of the sale, the insider now owns 17,477,085 shares of the company’s stock, valued at $1,712,754,330. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman James K. Thompson sold 8,503 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $91.76, for a total value 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 1,052,872 shares of company stock valued at $103,066,436 in the last three months. 4.30% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding JBHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT).

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

Receive News & Ratings for J.B. Hunt Transport Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.