Crewe Advisors LLC Has $116,000 Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Crewe Advisors LLC reduced its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 23.2% in the 4th quarter, Holdings Channel reports. The firm owned 680 shares of the transportation company’s stock after selling 205 shares during the period. Crewe Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $116,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the third quarter worth approximately $26,000. True Wealth Design LLC lifted its holdings in shares of J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after buying an additional 142 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in shares of J.B. Hunt Transport Services by 47.2% during the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock worth $41,000 after buying an additional 76 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after buying an additional 142 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of 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 worth $59,000 after buying an additional 61 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total value of $1,100,820.00. Following the transaction, the chief executive officer now directly owns 82,264 shares in the company, valued at $15,092,976.08. This represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Eric Mcgee sold 145 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the transaction, the executive vice president now owns 700 shares in the company, valued at $127,904. This represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,545 shares of company stock worth $1,898,942 over the last three months. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Barclays upped their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Loop Capital boosted their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets restated an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Bank of America boosted their price objective on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.11.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $170.48 on Thursday. The stock’s fifty day moving average is $176.21 and its 200-day moving average is $174.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The stock has a market capitalization of $17.19 billion, a PE ratio of 30.66, a PEG ratio of 1.57 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 16th. The transportation company reported $1.53 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 the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.47 EPS. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.62 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $0.44 dividend. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.03%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.65%.

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.