Inspire Investing LLC Trims Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Inspire Investing LLC lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 12.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,054 shares of the transportation company’s stock after selling 2,345 shares during the quarter. Inspire Investing LLC’s holdings in J.B. Hunt Transport Services were worth $2,729,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JBHT. MQS Management LLC boosted its stake in J.B. Hunt Transport Services by 52.5% during the 2nd quarter. MQS Management LLC now owns 2,664 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 917 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $1,369,000. Vanguard Personalized Indexing Management LLC grew its position in J.B. Hunt Transport Services by 26.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,791 shares of the transportation company’s stock worth $1,407,000 after buying an additional 1,814 shares in the last quarter. Amalgamated Bank grew its position in J.B. Hunt Transport Services by 31.9% during the second quarter. Amalgamated Bank now owns 22,509 shares of the transportation company’s stock worth $3,601,000 after buying an additional 5,442 shares in the last quarter. Finally, Disciplined Investments LLC lifted its stake in J.B. Hunt Transport Services by 8.2% during the second quarter. Disciplined Investments LLC now owns 31,453 shares of the transportation company’s stock worth $5,033,000 after purchasing an additional 2,386 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $169.35 on Thursday. The firm has a 50 day moving average of $168.65 and a 200 day moving average of $171.58. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $17.48 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.19). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the firm posted $1.81 EPS. J.B. Hunt Transport Services’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JBHT. Barclays dropped their price objective on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. JPMorgan Chase & Co. reduced their price objective on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Benchmark cut their target price on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Susquehanna cut their price objective on shares of J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday, July 17th. Finally, TD Cowen decreased their price objective on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus target price of $181.88.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Persio V. Lisboa purchased 600 shares of J.B. Hunt Transport Services stock in a transaction on Friday, July 19th. The shares were acquired at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Profile

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.