J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Inspire Investing LLC

Inspire Investing LLC reduced its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,985 shares of the transportation company’s stock after selling 403 shares during the period. Inspire Investing LLC’s holdings in J.B. Hunt Transport Services were worth $2,728,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Paloma Partners Management Co lifted its position in J.B. Hunt Transport Services by 14,254.9% during the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock worth $32,035,000 after acquiring an additional 184,601 shares during the period. Mizuho Securities USA LLC grew its position in J.B. Hunt Transport Services by 2,384.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock valued at $25,297,000 after buying an additional 149,815 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in J.B. Hunt Transport Services by 155.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock valued at $37,689,000 after buying an additional 134,476 shares during the period. AQR Capital Management LLC raised its position in J.B. Hunt Transport Services by 282.8% during the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after buying an additional 128,283 shares during the last quarter. Finally, Parnassus Investments LLC boosted its holdings in shares of J.B. Hunt Transport Services by 14.1% in the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock valued at $129,765,000 after acquiring an additional 93,213 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In related news, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the transaction, the chief executive officer now directly owns 82,264 shares in the company, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. This represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

JBHT has been the subject of several research analyst reports. Loop Capital raised their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Wells Fargo & Company decreased their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Benchmark restated a “buy” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Raymond James dropped their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price on the stock in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average price target of $191.11.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $174.90 on Thursday. The firm has a market cap of $17.64 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 1.58 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The stock has a 50-day moving average price of $178.93 and a 200 day moving average price of $174.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the business earned $1.47 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.71 EPS for the current year.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.