Shelton Capital Management lessened its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 35.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,918 shares of the transportation company’s stock after selling 4,814 shares during the quarter. Shelton Capital Management’s holdings in J.B. Hunt Transport Services were worth $815,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of JBHT. BlackRock Inc. increased its holdings in J.B. Hunt Transport Services by 2,611.8% in the first 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 last quarter. Sustainable Growth Advisers LP bought a new stake in J.B. Hunt Transport Services in the second quarter valued at about $147,610,000. Bank of New York Mellon Corp increased its holdings in J.B. Hunt Transport Services by 25.0% in the second 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 last quarter. Renaissance Technologies LLC increased its holdings in J.B. Hunt Transport Services by 423.1% in the first 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 last quarter. Finally, Morgan Stanley increased its holdings in J.B. Hunt Transport Services by 228.3% in the first 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 last quarter. 71.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of J.B. Hunt Transport Services, Inc. (JBHT) opened at 106.73 on Friday. The company has a market capitalization of $11.68 billion, a P/E ratio of 28.00 and a beta of 0.97. The firm has a 50 day moving average price of $102.49 and a 200 day moving average price of $93.05. J.B. Hunt Transport Services, Inc. has a one year low of $76.20 and a one year high of $111.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $1.74 billion. During the same period last year, the business posted $0.92 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post $3.85 EPS for the current fiscal year.

A number of equities research analysts recently commented on JBHT shares. Wells Fargo & Company reiterated an “outperform” rating and issued a $105.00 price objective (up previously from $100.00) on shares of J.B. Hunt Transport Services in a report on Tuesday, July 18th. BidaskClub upgraded J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Bank of America Corporation reiterated a “buy” rating and issued a $109.00 price objective (up previously from $98.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $84.00 price objective (down previously from $85.00) on shares of J.B. Hunt Transport Services in a report on Tuesday, July 18th. Finally, Loop Capital reiterated a “buy” rating and issued a $103.00 price objective (down previously from $105.00) on shares of J.B. Hunt Transport Services in a report on Saturday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. J.B. Hunt Transport Services presently has an average rating of “Buy” and an average target price of $105.88.

In other news, EVP Bradley W. Hicks sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $94.73, for a total value of $94,730.00. Following the completion of the transaction, the executive vice president now directly owns 18,690 shares of the company’s stock, valued at approximately $1,770,503.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP John Kuhlow sold 810 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $93.71, for a total value of $75,905.10. Following the completion of the transaction, the senior vice president now directly owns 3,999 shares of the company’s stock, valued at $374,746.29. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,052,872 shares of company stock valued at $103,066,436. Corporate insiders own 4.30% of the company’s stock.

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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.

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

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