Meeder Asset Management Inc. Has $97,000 Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Meeder Asset Management Inc. trimmed its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 93.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 456 shares of the transportation company’s stock after selling 6,606 shares during the quarter. Meeder Asset Management Inc.’s holdings in J.B. Hunt Transport Services were worth $97,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JBHT. Meeder Advisory Services Inc. grew its holdings in J.B. Hunt Transport Services by 18.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 1,879 shares of the transportation company’s stock worth $398,000 after acquiring an additional 299 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of J.B. Hunt Transport Services by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 968,512 shares of the transportation company’s stock worth $205,183,000 after acquiring an additional 17,092 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of J.B. Hunt Transport Services by 5.2% during the first quarter. Parallel Advisors LLC now owns 1,167 shares of the transportation company’s stock worth $247,000 after purchasing an additional 58 shares in the last quarter. SEB Asset Management AB acquired a new position in shares of J.B. Hunt Transport Services during the first quarter worth approximately $3,174,000. Finally, Swiss National Bank grew its stake in shares of J.B. Hunt Transport Services by 5.3% during the first quarter. Swiss National Bank now owns 223,500 shares of the transportation company’s stock valued at $47,360,000 after purchasing an additional 11,200 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JBHT. The Goldman Sachs Group set a $261.00 price target on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Evercore reaffirmed an “outperform” rating and set a $248.00 price objective on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. Citigroup reiterated a “market perform” rating on shares of J.B. Hunt Transport Services in a research report on Monday. Sanford C. Bernstein restated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, Truist Financial boosted their target price on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services Trading Down 0.3%

Shares of NASDAQ JBHT opened at $292.24 on Thursday. The company’s 50 day simple moving average is $277.52 and its 200 day simple moving average is $240.59. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $299.76. The firm has a market capitalization of $27.56 billion, a P/E ratio of 41.39, a P/E/G ratio of 1.85 and a beta of 1.29. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 EPS. On average, analysts predict that J.B. Hunt Transport Services, Inc. will post 7.71 EPS for the current year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, insider Bradley W. Hicks sold 7,644 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $261.91, for a total value of $2,002,040.04. Following the transaction, the insider owned 23,982 shares of the company’s stock, valued at approximately $6,281,125.62. This represents a 24.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Keefauver sold 703 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 15,847 shares of company stock valued at $4,162,861 over the last quarter. 2.50% of the stock is owned by corporate insiders.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.