Metropolitan Life Insurance Co. NY Decreases Position in J.B. Hunt Transport Services, Inc. (JBHT)

Metropolitan Life Insurance Co. NY lowered its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,361 shares of the transportation company’s stock after selling 956 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in J.B. Hunt Transport Services were worth $4,253,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its stake in J.B. Hunt Transport Services by 3.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock worth $119,000 after buying an additional 43 shares in the last quarter. Van ECK Associates Corp increased its stake in 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 valued at $135,000 after buying an additional 95 shares in the last quarter. Global X Management Co. LLC increased its stake in 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 valued at $179,000 after buying an additional 438 shares in the last quarter. Smith Moore & CO. acquired a new stake in J.B. Hunt Transport Services during the first quarter valued at $204,000. Finally, Two Sigma Securities LLC acquired a new stake in J.B. Hunt Transport Services during the first quarter valued at $209,000. 72.66% of the stock is owned by institutional investors.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at 93.65 on Monday. The stock has a market cap of $10.30 billion, a PE ratio of 24.32 and a beta of 0.94. J.B. Hunt Transport Services, Inc. has a 12 month low of $76.20 and a 12 month high of $102.38. The company’s 50 day moving average is $86.98 and its 200 day moving average is $93.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, April 17th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. J.B. Hunt Transport Services had a net margin of 6.54% and a return on equity of 30.67%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business posted $0.88 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post $3.96 EPS for the current fiscal year.

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Several analysts have weighed in on JBHT shares. Credit Suisse Group reissued a “buy” rating and issued a $103.00 price target (down from $107.00) on shares of J.B. Hunt Transport Services in a research note on Friday, March 31st. BMO Capital Markets reissued a “hold” rating and issued a $96.00 price target (down from $100.00) on shares of J.B. Hunt Transport Services in a research note on Friday, March 31st. Vertical Research started coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, April 13th. They issued a “hold” rating and a $92.00 price target for the company. Stifel Nicolaus lowered their price target on shares of J.B. Hunt Transport Services from $97.00 to $88.00 and set a “hold” rating for the company in a research note on Wednesday, April 19th. Finally, Cowen and Company decreased their price objective on shares of J.B. Hunt Transport Services from $102.00 to $101.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $97.29.

About J.B. Hunt Transport Services

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.

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

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