Nomura Holdings Inc. Grows Holdings in J.B. Hunt Transport Services, Inc. (JBHT)

Nomura Holdings Inc. raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2,346.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,184 shares of the transportation company’s stock after buying an additional 195,838 shares during the period. Nomura Holdings Inc. owned about 0.19% of J.B. Hunt Transport Services worth $18,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its position in J.B. Hunt Transport Services by 0.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,733 shares of the transportation company’s stock valued at $249,000 after buying an additional 12 shares during the period. Alps Advisors Inc. boosted its position in J.B. Hunt Transport Services by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,071 shares of the transportation company’s stock valued at $463,000 after buying an additional 14 shares during the period. Farmers & Merchants Investments Inc. boosted its position in J.B. Hunt Transport Services by 1.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after buying an additional 20 shares during the period. Contravisory Investment Management Inc. boosted its position in J.B. Hunt Transport Services by 0.8% in the 2nd quarter. Contravisory Investment Management Inc. now owns 2,605 shares of the transportation company’s stock valued at $238,000 after buying an additional 20 shares during the period. Finally, Tudor Investment Corp ET AL boosted its position in J.B. Hunt Transport Services by 0.4% in the 2nd quarter. Tudor Investment Corp ET AL now owns 5,849 shares of the transportation company’s stock valued at $534,000 after buying an additional 22 shares during the period. 71.54% of the stock is owned by institutional investors.

JBHT has been the subject of several research reports. Loop Capital reissued a “buy” rating and issued a $103.00 price objective (down from $105.00) on shares of J.B. Hunt Transport Services in a research report on Saturday, July 22nd. Bank of America Corporation reissued a “buy” rating and issued a $109.00 price objective (up from $98.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 10th. Cowen and Company reissued a “buy” rating and issued a $102.00 price objective 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 objective for the company in a research report on Tuesday, September 19th. Finally, KeyCorp reissued a “buy” rating and issued a $115.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, September 22nd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $105.88.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) traded down 0.13% during midday trading on Tuesday, reaching $105.77. 319,643 shares of the company were exchanged. J.B. Hunt Transport Services, Inc. has a 52 week low of $76.20 and a 52 week high of $111.98. The company has a market capitalization of $11.57 billion, a PE ratio of 27.75 and a beta of 0.96. The firm has a 50-day moving average price of $102.75 and a 200-day moving average price of $93.18.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post $3.85 earnings per share for the current fiscal year.

In related news, EVP Terrence D. Matthews sold 2,694 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $101.00, for a total value of $272,094.00. Following the completion of the transaction, the executive vice president now owns 21,140 shares in the company, valued at $2,135,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman James K. Thompson sold 8,503 shares of J.B. Hunt Transport Services stock in a transaction that occurred on 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 owns 51,846 shares of the company’s stock, valued at approximately $4,757,388.96. The disclosure for this sale can be found here. Insiders sold 1,052,872 shares of company stock valued at $103,066,436 in the last quarter. 4.30% of the stock is owned by insiders.

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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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