Crewe Advisors LLC Invests $172,000 in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Crewe Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 865 shares of the transportation company’s stock, valued at approximately $172,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trillium Asset Management LLC grew its position in J.B. Hunt Transport Services by 19.3% in the 4th quarter. Trillium Asset Management LLC now owns 174,450 shares of the transportation company’s stock valued at $34,844,000 after buying an additional 28,202 shares in the last quarter. Vanguard Group Inc. grew its position in J.B. Hunt Transport Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after buying an additional 25,109 shares in the last quarter. Empirical Capital Management LLC bought a new position in J.B. Hunt Transport Services in the 4th quarter valued at about $8,089,000. Jennison Associates LLC grew its position in J.B. Hunt Transport Services by 11.2% in the 1st quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock valued at $39,413,000 after buying an additional 19,987 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in J.B. Hunt Transport Services in the 4th quarter valued at about $1,795,000. Institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the subject of several research reports. Benchmark reduced their price objective on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Morgan Stanley reduced their price objective on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Wells Fargo & Company initiated coverage on shares of J.B. Hunt Transport Services in a research report on Friday, June 7th. They set an “overweight” rating and a $185.00 price objective for the company. TD Cowen reduced their price objective on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. Finally, Stephens reduced their price objective on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $181.88.

J.B. Hunt Transport Services Stock Performance

JBHT stock traded up $6.98 during midday trading on Thursday, hitting $170.78. 1,630,957 shares of the company traded hands, compared to its average volume of 875,109. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a quick ratio of 1.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The business has a 50 day simple moving average of $160.24 and a 200-day simple moving average of $181.35. The stock has a market capitalization of $17.62 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 2.68 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.19). The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the business earned $1.81 EPS. As a group, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.9 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be given a $0.43 dividend. The ex-dividend date is Friday, August 2nd. This represents a $1.72 annualized dividend and a yield of 1.01%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.30%.

Insider Buying and Selling

In other news, CEO John N. Roberts bought 6,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average cost of $161.06 per share, with a total value of $998,572.00. Following the completion of the transaction, the chief executive officer now directly owns 313,955 shares in the company, valued at $50,565,592.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO John N. Roberts acquired 6,200 shares of the business’s stock in a transaction on Friday, April 26th. The stock was bought at an average cost of $161.06 per share, with a total value of $998,572.00. Following the completion of the acquisition, the chief executive officer now owns 313,955 shares in the company, valued at $50,565,592.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Persio V. Lisboa acquired 600 shares of the business’s stock in a transaction on Friday, July 19th. The shares were bought at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the acquisition, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The disclosure for this purchase can be found here. 2.10% of the stock is owned by company insiders.

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.