Inspire Investing LLC Has $2.73 Million Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Inspire Investing LLC trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBHT. Canada Pension Plan Investment Board increased its stake in shares of J.B. Hunt Transport Services by 12.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 35,062 shares of the transportation company’s stock worth $5,610,000 after purchasing an additional 3,774 shares during the last quarter. Ensign Peak Advisors Inc grew its holdings in J.B. Hunt Transport Services by 70.5% during the second quarter. Ensign Peak Advisors Inc now owns 49,925 shares of the transportation company’s stock worth $7,988,000 after purchasing an additional 20,650 shares during the period. ProShare Advisors LLC lifted its position in shares of J.B. Hunt Transport Services by 8.4% in the second quarter. ProShare Advisors LLC now owns 11,257 shares of the transportation company’s stock valued at $1,801,000 after buying an additional 870 shares during the last quarter. Public Sector Pension Investment Board raised its stake in J.B. Hunt Transport Services by 80.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 2,968 shares of the transportation company’s stock valued at $475,000 after acquiring an additional 1,319 shares during the period. Finally, Xponance Inc. raised its position in shares of J.B. Hunt Transport Services by 116.2% in the second quarter. Xponance Inc. now owns 28,493 shares of the transportation company’s stock valued at $4,559,000 after purchasing an additional 15,312 shares during the period. 74.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

JBHT has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. UBS Group dropped their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a report on Friday, January 17th. Citigroup decreased their price target on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Stifel Nicolaus reduced their price objective on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th. Finally, Loop Capital lifted their price target on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $191.11.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $174.90 on Thursday. The company 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, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $17.64 billion, a P/E ratio of 31.46, a PEG ratio of 1.58 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company earned $1.47 EPS. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.71 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Shelley Simpson sold 6,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eric Mcgee sold 145 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the sale, the executive vice president now owns 700 shares of the company’s stock, valued at $127,904. The trade was a 17.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,459 shares of company stock valued at $2,136,277. Company insiders own 2.10% of the company’s stock.

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.