Western Wealth Management LLC Buys New Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Western Wealth Management LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,016 shares of the transportation company’s stock, valued at approximately $203,000.

A number of other large investors have also modified their holdings of the company. Drive Wealth Management LLC raised its stake in shares of J.B. Hunt Transport Services by 3.5% in the fourth quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 57 shares in the last quarter. Garrison Asset Management LLC raised its stake in J.B. Hunt Transport Services by 0.4% during the third quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company’s stock worth $2,532,000 after acquiring an additional 59 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in J.B. Hunt Transport Services by 26.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock worth $60,000 after acquiring an additional 62 shares in the last quarter. Tempus Wealth Planning LLC raised its stake in J.B. Hunt Transport Services by 1.4% during the fourth quarter. Tempus Wealth Planning LLC now owns 5,628 shares of the transportation company’s stock worth $1,124,000 after acquiring an additional 76 shares in the last quarter. Finally, Wahed Invest LLC raised its stake in J.B. Hunt Transport Services by 6.6% during the third quarter. Wahed Invest LLC now owns 1,263 shares of the transportation company’s stock worth $238,000 after acquiring an additional 78 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on JBHT shares. Robert W. Baird dropped their price objective on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Stifel Nicolaus dropped their price objective on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Loop Capital decreased their target price on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. TD Cowen decreased their target price on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Finally, BMO Capital Markets decreased their target price on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $194.24.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $167.38 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a 1 year low of $160.07 and a 1 year high of $219.51. The stock has a market cap of $17.29 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. The stock’s 50-day moving average price is $196.95 and its two-hundred day moving average price is $192.78.

Insiders Place Their Bets

In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of J.B. Hunt Transport Services stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $1,014,950. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Brian Webb sold 900 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $208.54, for a total transaction of $187,686.00. Following the sale, the executive vice president now owns 15,032 shares of the company’s stock, valued at $3,134,773.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $1,014,950. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 15,454 shares of company stock worth $3,283,219. Insiders own 2.10% of the company’s stock.

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.