Inspire Investing LLC Sells 4,777 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Inspire Investing LLC reduced its holdings in J.B. Hunt Transport Services by 29.9% in Q1, owning 11,208 shares valued at approximately $1.66 million post-sale.
• Major institutional investors have increased their stakes in J.B. Hunt, with Vanguard Group Inc. owning over 10 million shares worth approximately $1.49 billion after a 2.0% increase.
• J.B. Hunt recently announced a quarterly dividend of $0.44 per share, reflecting an annualized dividend yield of 1.3% and a payout ratio of 32.00%.

Inspire Investing LLC cut its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 29.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,208 shares of the transportation company's stock after selling 4,777 shares during the quarter. Inspire Investing LLC's holdings in J.B. Hunt Transport Services were worth $1,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC grew its stake in shares of J.B. Hunt Transport Services by 13.2% in the first quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock valued at $108,000 after buying an additional 85 shares in the last quarter. Man Group plc boosted its position in J.B. Hunt Transport Services by 0.9% during the fourth quarter. Man Group plc now owns 11,165 shares of the transportation company's stock worth $1,905,000 after purchasing an additional 98 shares during the period. Trust Investment Advisors boosted its position in J.B. Hunt Transport Services by 2.3% during the first quarter. Trust Investment Advisors now owns 4,697 shares of the transportation company's stock worth $695,000 after purchasing an additional 104 shares during the period. TD Private Client Wealth LLC boosted its position in J.B. Hunt Transport Services by 49.3% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after purchasing an additional 109 shares during the period. Finally, Bessemer Group Inc. boosted its position in J.B. Hunt Transport Services by 22.4% during the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after purchasing an additional 120 shares during the period. 74.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JBHT has been the subject of a number of research analyst reports. UBS Group cut shares of J.B. Hunt Transport Services from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $155.00 to $157.00 in a research report on Friday, September 5th. JPMorgan Chase & Co. lifted their price objective on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Morgan Stanley reduced their price objective on shares of J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Citigroup reaffirmed a "buy" rating and set a $170.00 price objective (down from $175.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. Finally, Bank of America lifted their target price on J.B. Hunt Transport Services from $166.00 to $171.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $165.00.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 989 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the transaction, the executive vice president owned 946 shares of the company's stock, valued at $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric Mcgee purchased 1,148 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average cost of $140.76 per share, with a total value of $161,592.48. Following the purchase, the executive vice president owned 7,397 shares of the company's stock, valued at $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT traded down $1.58 during midday trading on Monday, reaching $136.35. 1,017,008 shares of the stock were exchanged, compared to its average volume of 1,023,403. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. The company has a market cap of $13.20 billion, a P/E ratio of 24.79, a PEG ratio of 2.12 and a beta of 1.28. The stock's 50 day simple moving average is $145.40 and its 200 day simple moving average is $143.26.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm earned $1.32 EPS. On average, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services's payout ratio is 32.00%.

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.