J B Hunt Transport Services Inc (JBHT) : Pensionfund Sabic reduced its stake in J B Hunt Transport Services Inc by 6.5% during the most recent quarter end. The investment management company now holds a total of 18,700 shares of J B Hunt Transport Services Inc which is valued at $1.6 Million after selling 1,300 shares in J B Hunt Transport Services Inc according to a report filed by the company on Apr 4, 2016 with the SEC.J B Hunt Transport Services Inc makes up approximately 0.48% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including ,
On the company’s financial health, J B Hunt Transport Services Inc reported $1.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 21, 2016. Analyst had a consensus of $0.99. The company had revenue of $1621.00 million for the quarter, compared to analysts expectations of $1620.35 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.
Many Wall Street Analysts have commented on J B Hunt Transport Services Inc. 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.Shares were Reiterated by RBC Capital Mkts on Jan 22, 2016 to “Outperform” and Lowered the Price Target to $ 85 from a previous price target of $88 .J B Hunt Transport Services Inc was Upgraded by Wolfe Research to ” Outperform” on Jan 12, 2016.
J B Hunt Transport Services Inc opened for trading at $83.62 and hit $84.4 on the upside on Monday, eventually ending the session at $83.19, with a gain of 0.27% or 0.22 points. The heightened volatility saw the trading volume jump to 8,89,250 shares. Company has a market cap of $9,382 M.
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.