J.B. Hunt Transport Services, Inc. $JBHT Stock Position Reduced by Crewe Advisors LLC

Crewe Advisors LLC decreased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 33.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 330 shares of the transportation company’s stock after selling 165 shares during the period. Crewe Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $47,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its stake in J.B. Hunt Transport Services by 8.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock valued at $976,000 after acquiring an additional 494 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of J.B. Hunt Transport Services by 13.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company’s stock worth $108,000 after acquiring an additional 85 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of J.B. Hunt Transport Services by 2.5% in the 1st quarter. State of Alaska Department of Revenue now owns 9,308 shares of the transportation company’s stock worth $1,377,000 after acquiring an additional 225 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of J.B. Hunt Transport Services in the 1st quarter worth $349,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of J.B. Hunt Transport Services by 14.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,542 shares of the transportation company’s stock worth $820,000 after acquiring an additional 689 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Eric Mcgee acquired 1,148 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average price of $140.76 per share, with a total value of $161,592.48. Following the transaction, the executive vice president owned 7,397 shares of the company’s stock, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the executive vice president directly owned 946 shares of the company’s stock, valued at $143,763.62. This represents a 51.11% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $165.49 on Tuesday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The business has a 50-day moving average of $141.69 and a two-hundred day moving average of $141.31. The stock has a market capitalization of $16.02 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.29 and a beta of 1.24. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the previous year, the firm earned $1.49 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services’s payout ratio is currently 30.50%.

Analyst Ratings Changes

Several analysts have recently commented on JBHT shares. Evercore ISI raised their target price on J.B. Hunt Transport Services from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. JPMorgan Chase & Co. boosted their target price on J.B. Hunt Transport Services from $170.00 to $176.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. The Goldman Sachs Group set a $164.00 target price on J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Raymond James Financial boosted their target price on J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Finally, Barclays boosted their target price on J.B. Hunt Transport Services from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.55.

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.