J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Position Cut by Crewe Advisors LLC

Crewe Advisors LLC reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 680 shares of the transportation company’s stock after selling 205 shares during the quarter. Crewe Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of J.B. Hunt Transport Services by 25.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,258 shares of the transportation company’s stock valued at $1,590,000 after purchasing an additional 1,893 shares in the last quarter. Tempus Wealth Planning LLC raised its stake in shares of J.B. Hunt Transport Services by 4.5% during the fourth quarter. Tempus Wealth Planning LLC now owns 6,510 shares of the transportation company’s stock valued at $1,111,000 after purchasing an additional 281 shares in the last quarter. abrdn plc raised its stake in shares of J.B. Hunt Transport Services by 21.0% during the fourth quarter. abrdn plc now owns 33,510 shares of the transportation company’s stock valued at $5,735,000 after purchasing an additional 5,807 shares in the last quarter. Jennison Associates LLC raised its stake in shares of J.B. Hunt Transport Services by 14.1% during the fourth quarter. Jennison Associates LLC now owns 181,550 shares of the transportation company’s stock valued at $30,983,000 after purchasing an additional 22,451 shares in the last quarter. Finally, New Wave Wealth Advisors LLC raised its stake in shares of J.B. Hunt Transport Services by 4.0% during the fourth quarter. New Wave Wealth Advisors LLC now owns 14,729 shares of the transportation company’s stock valued at $2,514,000 after purchasing an additional 566 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In related news, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the sale, the chief executive officer now owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eric Mcgee sold 145 shares of the business’s stock in a transaction that occurred 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 owns 700 shares of the company’s stock, valued at approximately $127,904. This trade represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,545 shares of company stock valued at $1,898,942. 2.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Trading Up 0.9 %

NASDAQ:JBHT opened at $170.48 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The stock’s 50-day moving average is $176.21 and its two-hundred day moving average is $174.78. The stock has a market cap of $17.19 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm earned $1.47 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.62 earnings per share 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 paid 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 of this dividend is Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.03%. J.B. Hunt Transport Services’s payout ratio is presently 31.65%.

Analyst Ratings Changes

JBHT has been the topic of a number of recent analyst reports. Evercore ISI cut their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. TD Cowen dropped their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. dropped their price target on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. UBS Group dropped their price target on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, Raymond James dropped their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $191.11.

J.B. Hunt Transport Services 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.