Stifel Financial Corp cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 50.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 67,956 shares of the transportation company’s stock after selling 68,622 shares during the quarter. Stifel Financial Corp owned about 0.06% of J.B. Hunt Transport Services worth $6,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JBHT. Bronfman E.L. Rothschild L.P. lifted its stake in J.B. Hunt Transport Services by 3.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 43 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake 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 valued at $130,000 after acquiring an additional 20 shares in the last quarter. Van ECK Associates Corp lifted its stake in J.B. Hunt Transport Services by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock valued at $135,000 after acquiring an additional 95 shares in the last quarter. Paradigm Asset Management Co. LLC lifted its stake in J.B. Hunt Transport Services by 3.1% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after acquiring an additional 50 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $173,000. Institutional investors and hedge funds own 71.54% of the company’s stock.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at 106.73 on Friday. J.B. Hunt Transport Services, Inc. has a 52 week low of $76.20 and a 52 week high of $111.98. The company 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 (NASDAQ:JBHT) last issued 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 business had revenue of $1.73 billion for 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%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. Analysts expect that J.B. Hunt Transport Services, Inc. will post $3.85 EPS for the current year.

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JBHT has been the topic of several research reports. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Tuesday, September 19th. Cowen and Company restated a “buy” rating and issued a $102.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, August 25th. Loop Capital restated a “buy” rating and issued a $103.00 target price (down previously from $105.00) on shares of J.B. Hunt Transport Services in a research note on Saturday, July 22nd. Stifel Nicolaus restated a “hold” rating and issued a $88.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, June 23rd. Finally, BidaskClub upgraded J.B. Hunt Transport Services from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $105.88.

In related news, EVP Terrence D. Matthews sold 2,694 shares of J.B. Hunt Transport Services stock in a transaction on Friday, September 8th. The stock was sold at an average price of $101.00, for a total transaction of $272,094.00. Following the sale, the executive vice president now directly owns 21,140 shares in the company, valued at $2,135,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bradley W. Hicks sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction on Friday, August 11th. The stock was sold at an average price of $94.73, for a total value of $94,730.00. Following the sale, the executive vice president now owns 18,690 shares in the company, valued at $1,770,503.70. The disclosure for this sale can be found here. Insiders have sold 1,052,872 shares of company stock worth $103,066,436 over the last quarter. 4.30% of the stock is currently owned by corporate insiders.

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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