Uncommon Cents Investing LLC Decreases Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Uncommon Cents Investing LLC decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.1% in the fourth quarter, HoldingsChannel reports. The firm owned 4,835 shares of the transportation company’s stock after selling 205 shares during the quarter. Uncommon Cents Investing LLC’s holdings in J.B. Hunt Transport Services were worth $825,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Studio Investment Management LLC grew its holdings in J.B. Hunt Transport Services by 5.4% during the 3rd quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock valued at $184,000 after buying an additional 55 shares in the last quarter. iA Global Asset Management Inc. boosted its position in shares of J.B. Hunt Transport Services by 2.6% during the 3rd quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock valued at $368,000 after acquiring an additional 55 shares during the last quarter. Empirical Finance LLC grew its holdings in shares of J.B. Hunt Transport Services by 2.0% in the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock valued at $492,000 after purchasing an additional 56 shares in the last quarter. Farther Finance Advisors LLC increased its position in J.B. Hunt Transport Services by 18.3% in the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock worth $67,000 after purchasing an additional 60 shares during the last quarter. Finally, Huntington National Bank raised its stake in J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 61 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $172.45 on Monday. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51. The business has a 50-day moving average price of $180.08 and a 200 day moving average price of $174.06. The company has a market capitalization of $17.39 billion, a P/E ratio of 31.35, a PEG ratio of 2.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 earnings per share. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on JBHT shares. TD Cowen reduced their target price on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a report on Friday. The Goldman Sachs Group decreased their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Stephens reiterated an “overweight” rating and issued a $205.00 target price on shares of J.B. Hunt Transport Services in a report on Friday. UBS Group decreased their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a report on Friday. Finally, Wells Fargo & Company dropped their price objective 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 note on Friday. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $191.67.

Insider Buying and Selling

In other news, 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 represents a 6.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was 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 directly 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. Insiders sold 11,459 shares of company stock worth $2,136,277 in the last three months. 2.10% of the stock is owned by insiders.

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.