Hennion & Walsh Asset Management Inc. Has $444,000 Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Hennion & Walsh Asset Management Inc. decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,603 shares of the transportation company’s stock after selling 91 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in J.B. Hunt Transport Services were worth $444,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC increased its stake in J.B. Hunt Transport Services by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 142 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in J.B. Hunt Transport Services during the third quarter valued at approximately $26,000. Cromwell Holdings LLC boosted its holdings in J.B. Hunt Transport Services by 47.2% during the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 76 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares during the period. Finally, Huntington National Bank raised its holdings in shares of J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after buying an additional 61 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Trading Down 7.4 %

Shares of JBHT opened at $172.45 on Tuesday. The stock’s fifty day simple moving average is $179.58 and its 200-day simple moving average is $174.16. The firm has a market capitalization of $17.39 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the business posted $1.47 EPS. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.67 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Spencer Frazier sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 11,459 shares of company stock valued at $2,136,277. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on JBHT. Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price target on the stock in a research note on Friday, January 3rd. Loop Capital boosted their target price on shares of 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 dropped their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday. UBS Group decreased their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group dropped their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $191.67.

J.B. Hunt Transport Services Company 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.