Crewe Advisors LLC Purchases Shares of 865 J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

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

Several other institutional investors and hedge funds have also recently modified their holdings of JBHT. YHB Investment Advisors Inc. purchased a new stake in shares of J.B. Hunt Transport Services in the 1st quarter valued at about $40,000. Neo Ivy Capital Management purchased a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at about $49,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of J.B. Hunt Transport Services by 99.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the transportation company’s stock valued at $53,000 after buying an additional 133 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of J.B. Hunt Transport Services during the 1st quarter valued at about $54,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of J.B. Hunt Transport Services by 75.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 350 shares of the transportation company’s stock valued at $70,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 4.3 %

Shares of JBHT stock traded up $6.98 during trading hours on Thursday, reaching $170.78. The company’s stock had a trading volume of 1,630,957 shares, compared to its average volume of 875,109. The stock has a market capitalization of $17.62 billion, a P/E ratio of 27.11, a P/E/G ratio of 2.68 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The firm’s fifty day simple moving average is $160.24 and its 200 day simple moving average is $181.35. The company has a current ratio of 1.21, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

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

J.B. Hunt Transport Services Dividend Announcement

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

Insider Activity at J.B. Hunt Transport Services

In other news, Director Persio V. Lisboa purchased 600 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the transaction, the director now directly owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO John N. Roberts bought 6,200 shares of the company’s stock in a transaction on Friday, April 26th. The shares were acquired 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 of the company’s stock, valued at approximately $50,565,592.30. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Persio V. Lisboa bought 600 shares of the company’s stock in a transaction on Friday, July 19th. The stock was bought at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the acquisition, the director now directly 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. UBS Group decreased their price objective on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Benchmark decreased their price objective on J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Stifel Nicolaus decreased their price objective on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, StockNews.com raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average target price of $181.88.

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.