Strs Ohio buys $741,578 stake in J B Hunt Transport Services Inc (JBHT)

J B Hunt Transport Services Inc (JBHT) : Strs Ohio scooped up 289 additional shares in J B Hunt Transport Services Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 8,622 shares of J B Hunt Transport Services Inc which is valued at $741,578.J B Hunt Transport Services Inc makes up approximately 0.04% of Strs Ohio’s portfolio.

J B Hunt Transport Services Inc opened for trading at $85.21 and hit $86.4199 on the upside on Wednesday, eventually ending the session at $86.27, with a gain of 0.85% or 0.73 points. The heightened volatility saw the trading volume jump to 8,30,392 shares. Company has a market cap of $9,729 M.

Other Hedge Funds, Including , Horrell Capital Management boosted its stake in JBHT in the latest quarter, The investment management firm added 218 additional shares and now holds a total of 44,262 shares of J B Hunt Transport Services Inc which is valued at $3,806,975. J B Hunt Transport Services Inc makes up approx 2.34% of Horrell Capital Management’s portfolio.Gateway Investment Advisers reduced its stake in JBHT by selling 3,222 shares or 28.71% in the most recent quarter. The Hedge Fund company now holds 8,000 shares of JBHT which is valued at $688,080. J B Hunt Transport Services Inc makes up approx 0.01% of Gateway Investment Advisers’s portfolio.Simplex Trading boosted its stake in JBHT in the latest quarter, The investment management firm added 6,615 additional shares and now holds a total of 11,901 shares of J B Hunt Transport Services Inc which is valued at $1,016,702. J B Hunt Transport Services Inc makes up approx 0.16% of Simplex Trading’s portfolio.Mai Capital Management reduced its stake in JBHT by selling 141 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 8,734 shares of JBHT which is valued at $726,581. J B Hunt Transport Services Inc makes up approx 0.06% of Mai Capital Management’s portfolio.Eagle Asset Management Inc reduced its stake in JBHT by selling 963 shares or 2.32% in the most recent quarter. The Hedge Fund company now holds 40,496 shares of JBHT which is valued at $3,368,862. J B Hunt Transport Services Inc makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.

On the company’s financial health, J B Hunt Transport Services Inc reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.85. The company had revenue of $1528.70 million for the quarter, compared to analysts expectations of $1527.88 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on J B Hunt Transport Services Inc. Company shares were Reiterated by Cowen on Apr 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 94 from a previous price target of $85 .BB&T Capital Mkts Upgraded J B Hunt Transport Services Inc on Jan 25, 2016 to ” Buy”, Price Target of the shares are set at $83.

J.B. Hunt Transport Services Inc. is a holding company that together with its wholly owned subsidiaries is engaged in providing surface transportation delivery and logistics services. The Company operates in four segments: Intermodal (JBI) Dedicated Contract Services (DCS) Integrated Capacity Solutions (ICS) and Truck (JBT). The JBI segment includes freight that is transported by rail and certain repositioning truck freight moved by JBI equipment or third-party carriers. DCS segment includes company-owned and customer-owned DCS-operated revenue equipment and employee drivers assigned to a specific customer traffic lane or service. ICS provides non-asset and asset-light transportation solutions. ICS services include flatbed refrigerated and less-than-truckload (LTL) as well as a variety of dry-van and intermodal solutions. JBT business includes full-load dry-van freight that is typically transported utilizing company-owned or company-controlled revenue equipment.

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