Thrivent Financial For Lutherans cut its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 20.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,872 shares of the transportation company’s stock after selling 20,490 shares during the period. Thrivent Financial For Lutherans owned 0.07% of J.B. Hunt Transport Services worth $7,299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of JBHT. ProShare Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 27.1% during the second quarter. ProShare Advisors LLC now owns 41,950 shares of the transportation company’s stock valued at $3,833,000 after purchasing an additional 8,952 shares in the last quarter. Profund Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 0.7% during the second quarter. Profund Advisors LLC now owns 8,160 shares of the transportation company’s stock valued at $746,000 after purchasing an additional 55 shares in the last quarter. Amalgamated Bank increased its stake in shares of J.B. Hunt Transport Services by 50.9% during the second quarter. Amalgamated Bank now owns 10,095 shares of the transportation company’s stock valued at $922,000 after purchasing an additional 3,407 shares in the last quarter. Norinchukin Bank The increased its stake in shares of J.B. Hunt Transport Services by 5.5% during the second quarter. Norinchukin Bank The now owns 5,952 shares of the transportation company’s stock valued at $544,000 after purchasing an additional 311 shares in the last quarter. Finally, Buckingham Capital Management Inc. increased its stake in shares of J.B. Hunt Transport Services by 15.5% during the second quarter. Buckingham Capital Management Inc. now owns 5,060 shares of the transportation company’s stock valued at $462,000 after purchasing an additional 680 shares in the last quarter. Institutional investors and hedge funds own 71.54% of the company’s stock.

J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) opened at 105.75 on Friday. The company’s 50 day moving average is $97.10 and its 200-day moving average is $91.90. J.B. Hunt Transport Services, Inc. has a 1-year low of $76.20 and a 1-year high of $105.92. The stock has a market cap of $11.57 billion, a PE ratio of 27.74 and a beta of 0.93.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.04). The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 EPS. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post $3.88 earnings per share for the current fiscal year.

In other news, SVP John Kuhlow sold 810 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $93.71, for a total value of $75,905.10. Following the transaction, the senior vice president now directly owns 3,999 shares of the company’s stock, valued at $374,746.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman James K. Thompson sold 8,503 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $91.76, for a total transaction of $780,235.28. Following the completion of the transaction, the chairman now directly owns 51,846 shares in the company, valued at $4,757,388.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,052,872 shares of company stock worth $103,066,436. Insiders own 4.30% of the company’s stock.

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JBHT has been the subject of a number of analyst reports. Bank of America Corporation reaffirmed a “buy” rating and set a $109.00 target price (up previously from $98.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 10th. Loop Capital reissued a “buy” rating and set a $103.00 price target (down previously from $105.00) on shares of J.B. Hunt Transport Services in a research report on Saturday, July 22nd. Cowen and Company reissued a “buy” rating and set a $102.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, August 25th. Zacks Investment Research raised shares of 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 report on Tuesday, September 19th. Finally, KeyCorp reissued a “buy” rating and set a $115.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $100.75.

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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