Comgest Global Investors S.a.s. buys $3.4 Million stake in J B Hunt Transport Services Inc (JBHT)

J B Hunt Transport Services Inc (JBHT) : Comgest Global Investors S.a.s. scooped up 2,448 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 May 12, 2016. The investment management firm now holds a total of 42,500 shares of J B Hunt Transport Services Inc which is valued at $3.4 Million.J B Hunt Transport Services Inc makes up approximately 0.12% of Comgest Global Investors S.a.s.’s portfolio.

Other Hedge Funds, Including , Mufg Americas Holdings Corp boosted its stake in JBHT in the latest quarter, The investment management firm added 4,130 additional shares and now holds a total of 32,313 shares of J B Hunt Transport Services Inc which is valued at $2.6 Million. J B Hunt Transport Services Inc makes up approx 0.09% of Mufg Americas Holdings Corp’s portfolio.Blackrock Japan Ltd boosted its stake in JBHT in the latest quarter, The investment management firm added 16,949 additional shares and now holds a total of 126,817 shares of J B Hunt Transport Services Inc which is valued at $10.3 Million. J B Hunt Transport Services Inc makes up approx 0.04% of Blackrock Japan Ltd’s portfolio.Global X Management Co boosted its stake in JBHT in the latest quarter, The investment management firm added 368 additional shares and now holds a total of 414 shares of J B Hunt Transport Services Inc which is valued at $34,420.

J B Hunt Transport Services Inc opened for trading at $80.52 and hit $81.72 on the upside on Friday, eventually ending the session at $81.28, with a gain of 1.50% or 1.2 points. The heightened volatility saw the trading volume jump to 5,88,982 shares. Company has a market cap of $9,156,517 M.

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 .

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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