2,442 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Purchased by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,442 shares of the transportation company's stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in J.B. Hunt Transport Services by 13.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company's stock valued at $1,529,000 after purchasing an additional 1,209 shares during the last quarter. Teacher Retirement System of Texas bought a new position in J.B. Hunt Transport Services in the 1st quarter valued at approximately $1,746,000. Bessemer Group Inc. increased its position in J.B. Hunt Transport Services by 22.4% in the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock valued at $97,000 after acquiring an additional 120 shares during the period. SG Americas Securities LLC increased its position in J.B. Hunt Transport Services by 179.8% in the 1st quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company's stock valued at $590,000 after acquiring an additional 2,564 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in J.B. Hunt Transport Services by 8.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock valued at $976,000 after acquiring an additional 494 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays upped their price target on shares of J.B. Hunt Transport Services from $135.00 to $145.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. TD Cowen decreased their price objective on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Robert W. Baird started coverage on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They set an "outperform" rating and a $169.00 target price for the company. UBS Group reaffirmed a "buy" rating on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Finally, Citigroup reaffirmed a "buy" rating and set a $170.00 price target (down previously from $175.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.90.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 989 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the sale, the executive vice president directly owned 946 shares of the company's stock, valued at $143,763.62. This represents a 51.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Trading Down 0.1%

Shares of JBHT traded down $0.10 during mid-day trading on Thursday, reaching $149.74. The company's stock had a trading volume of 615,275 shares, compared to its average volume of 1,140,410. The company has a current ratio of 0.87, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. The company's fifty day moving average price is $144.72 and its two-hundred day moving average price is $150.89. The stock has a market cap of $14.85 billion, a PE ratio of 27.24, a P/E/G ratio of 2.34 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The company had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 earnings per share. On average, analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.