Elkfork Partners LLC Has $721,000 Stock Position in J B Hunt Transport Services Inc (NASDAQ:JBHT)

Elkfork Partners LLC grew its stake in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 2.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,888 shares of the transportation company’s stock after buying an additional 170 shares during the quarter. Elkfork Partners LLC’s holdings in J B Hunt Transport Services were worth $721,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp increased its position in J B Hunt Transport Services by 1.6% during the second quarter. Northern Trust Corp now owns 1,015,011 shares of the transportation company’s stock worth $92,781,000 after buying an additional 16,048 shares during the period. Riverhead Capital Management LLC increased its position in J B Hunt Transport Services by 17.1% during the second quarter. Riverhead Capital Management LLC now owns 4,100 shares of the transportation company’s stock worth $375,000 after buying an additional 600 shares during the period. Pacer Advisors Inc. increased its holdings in shares of J B Hunt Transport Services by 4.0% in the second quarter. Pacer Advisors Inc. now owns 14,939 shares of the transportation company’s stock valued at $1,366,000 after purchasing an additional 581 shares during the period. Nuance Investments LLC acquired a new position in shares of J B Hunt Transport Services in the second quarter valued at approximately $18,944,000. Finally, Veritable L.P. increased its holdings in shares of J B Hunt Transport Services by 5.3% in the second quarter. Veritable L.P. now owns 2,205 shares of the transportation company’s stock valued at $202,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 73.79% of the company’s stock.

Shares of NASDAQ:JBHT opened at $111.04 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 1.30. J B Hunt Transport Services Inc has a 12 month low of $83.64 and a 12 month high of $122.16. The firm has a market capitalization of $11.86 billion, a PE ratio of 19.58, a P/E/G ratio of 1.38 and a beta of 1.14. The business has a 50-day moving average of $106.80 and a two-hundred day moving average of $98.77.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). J B Hunt Transport Services had a net margin of 5.33% and a return on equity of 29.35%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the business posted $1.37 EPS. J B Hunt Transport Services’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, research analysts anticipate that J B Hunt Transport Services Inc will post 5.51 earnings per share for the current year.

In related news, Director Earl Wayne Garrison sold 50,000 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $111.29, for a total value of $5,564,500.00. Following the completion of the transaction, the director now owns 1,608,958 shares of the company’s stock, valued at $179,060,935.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $99.07, for a total value of $118,884.00. Following the transaction, the executive vice president now directly owns 8,144 shares in the company, valued at approximately $806,826.08. The disclosure for this sale can be found here. Insiders sold 83,126 shares of company stock valued at $8,971,721 in the last three months. 3.60% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on JBHT. Deutsche Bank set a $82.00 target price on J B Hunt Transport Services and gave the company a “sell” rating in a report on Thursday, July 11th. Zacks Investment Research lowered J B Hunt Transport Services from a “hold” rating to a “sell” rating and set a $94.00 target price on the stock. in a report on Thursday, June 20th. BidaskClub raised J B Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Saturday, August 31st. Citigroup set a $120.00 price objective on J B Hunt Transport Services and gave the stock a “hold” rating in a report on Thursday, September 12th. Finally, Stephens upped their price objective on J B Hunt Transport Services from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $107.13.

J B Hunt Transport Services Profile

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 in 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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