Natixis lowered its position in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 28.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,344 shares of the transportation company’s stock after selling 7,005 shares during the quarter. Natixis’ holdings in J B Hunt Transport Services were worth $2,108,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd lifted its stake in shares of J B Hunt Transport Services by 769.4% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 18,257 shares of the transportation company’s stock worth $2,219,000 after buying an additional 16,157 shares during the last quarter. Raymond James & Associates lifted its stake in shares of J B Hunt Transport Services by 54.8% during the 2nd quarter. Raymond James & Associates now owns 20,791 shares of the transportation company’s stock worth $2,527,000 after buying an additional 7,359 shares during the last quarter. AMP Capital Investors Ltd lifted its stake in shares of J B Hunt Transport Services by 91.6% during the 2nd quarter. AMP Capital Investors Ltd now owns 47,062 shares of the transportation company’s stock worth $5,720,000 after buying an additional 22,497 shares during the last quarter. Laurion Capital Management LP lifted its stake in shares of J B Hunt Transport Services by 42.9% during the 2nd quarter. Laurion Capital Management LP now owns 9,453 shares of the transportation company’s stock worth $1,149,000 after buying an additional 2,840 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in shares of J B Hunt Transport Services by 22.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 6,513 shares of the transportation company’s stock worth $792,000 after buying an additional 1,196 shares during the last quarter. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Shares of J B Hunt Transport Services stock opened at $123.39 on Wednesday. J B Hunt Transport Services Inc has a twelve month low of $100.25 and a twelve month high of $131.74. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 1.82 and a beta of 0.92.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Monday, July 16th. The transportation company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.09. J B Hunt Transport Services had a net margin of 9.54% and a return on equity of 26.63%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the company earned $0.88 EPS. The business’s revenue was up 23.9% on a year-over-year basis. equities research analysts expect that J B Hunt Transport Services Inc will post 5.42 EPS for the current fiscal year.

In other J B Hunt Transport Services news, CFO David G. Mee sold 6,126 shares of the firm’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $121.47, for a total value of $744,125.22. Following the transaction, the chief financial officer now directly owns 110,500 shares of the company’s stock, valued at approximately $13,422,435. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bradley W. Hicks sold 500 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $122.43, for a total transaction of $61,215.00. Following the completion of the transaction, the executive vice president now directly owns 16,900 shares in the company, valued at $2,069,067. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,018 shares of company stock worth $4,630,817. Insiders own 4.20% of the company’s stock.

JBHT has been the subject of a number of research reports. BidaskClub upgraded shares of J B Hunt Transport Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 30th. BMO Capital Markets raised their target price on shares of J B Hunt Transport Services from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research note on Tuesday, July 3rd. ValuEngine cut shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 5th. Finally, Citigroup raised their target price on shares of J B Hunt Transport Services from $122.00 to $133.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $129.84.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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