Cwm LLC Boosts Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Cwm LLC lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 146.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 82,987 shares of the transportation company’s stock after purchasing an additional 49,368 shares during the period. Cwm LLC owned about 0.09% of J.B. Hunt Transport Services worth $11,134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Private Trust Co. NA lifted its holdings in J.B. Hunt Transport Services by 57.8% during the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after buying an additional 74 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. Assetmark Inc. lifted its stake in shares of J.B. Hunt Transport Services by 418.6% during the 2nd quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock worth $32,000 after purchasing an additional 180 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth $34,000. Finally, Farther Finance Advisors LLC boosted its position in J.B. Hunt Transport Services by 38.6% during the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 88 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JBHT has been the subject of a number of recent research reports. Susquehanna boosted their target price on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. BMO Capital Markets boosted their price objective on shares of J.B. Hunt Transport Services from $172.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Raymond James Financial raised their target price on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Truist Financial lifted their price target on shares of J.B. Hunt Transport Services from $145.00 to $155.00 and gave the stock a “hold” rating in a report on Thursday, October 16th. Finally, JPMorgan Chase & Co. increased their price objective on J.B. Hunt Transport Services from $170.00 to $176.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $171.30.

Insider Activity

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 1,588 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $189.29, for a total transaction of $300,592.52. Following the completion of the sale, the executive vice president directly owned 550 shares in the company, valued at approximately $104,109.50. The trade was a 74.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Albert Brad Delco sold 1,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $179.54, for a total transaction of $179,540.00. Following the completion of the sale, the chief financial officer owned 7,043 shares in the company, valued at $1,264,500.22. The trade was a 12.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 15,109 shares of company stock valued at $2,688,970. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Trading Down 0.0%

NASDAQ:JBHT opened at $198.28 on Monday. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $204.43. The firm has a fifty day simple moving average of $178.15 and a 200-day simple moving average of $155.71. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $18.88 billion, a P/E ratio of 34.36, a PEG ratio of 1.99 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the firm earned $1.49 EPS. The firm’s revenue was down .5% on a year-over-year basis. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 30.50%.

J.B. Hunt Transport Services announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 22nd that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.