Principal Financial Group Inc. cut its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,858 shares of the transportation company’s stock after selling 10,545 shares during the period. Principal Financial Group Inc. owned 0.12% of J.B. Hunt Transport Services worth $11,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. boosted its stake in shares of J.B. Hunt Transport Services by 1.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock worth $130,000 after acquiring an additional 20 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of J.B. Hunt Transport Services by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock worth $135,000 after acquiring an additional 95 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its stake in shares of J.B. Hunt Transport Services by 3.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock worth $151,000 after acquiring an additional 50 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter worth approximately $173,000. Finally, Global X Management Co. LLC boosted its stake in shares of J.B. Hunt Transport Services by 28.9% in the first quarter. Global X Management Co. LLC now owns 1,952 shares of the transportation company’s stock worth $179,000 after acquiring an additional 438 shares during the last quarter. 71.54% of the stock is currently owned by hedge funds and other institutional investors.

JBHT has been the topic of a number of recent research reports. Zacks Investment Research lowered J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Wells Fargo & Company reissued an “outperform” rating and set a $105.00 price objective (up previously from $100.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. BidaskClub raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Bank of America Corporation reissued a “buy” rating and set a $109.00 price objective (up previously from $98.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 10th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $84.00 price objective (down previously from $85.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $100.75.

Shares of J.B. Hunt Transport Services, Inc. (JBHT) opened at 105.75 on Friday. The firm has a 50-day moving average price of $97.10 and a 200-day moving average price of $91.90. J.B. Hunt Transport Services, Inc. has a 52-week low of $76.20 and a 52-week high of $105.92. The stock has a market cap of $11.57 billion, a P/E ratio of 27.74 and a beta of 0.93.

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 (EPS) for the quarter, missing the 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 for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business earned $0.92 EPS. J.B. Hunt Transport Services’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post $3.88 EPS for the current fiscal year.

In other news, major shareholder J B. Hunt Llc sold 975,000 shares of the firm’s 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 sale, the insider now owns 17,477,085 shares in the company, valued at $1,712,754,330. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradley W. Hicks sold 1,000 shares of the firm’s 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 approximately $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 in the last 90 days. Insiders own 4.30% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “J.B. Hunt Transport Services, Inc. (JBHT) Shares Sold by Principal Financial Group Inc.” was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/09/23/j-b-hunt-transport-services-inc-jbht-shares-sold-by-principal-financial-group-inc.html.

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)

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 MarketBeat.com's FREE daily email newsletter.