J.B. Hunt Transport Services, Inc. $JBHT Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its stake in J.B. Hunt Transport Services by 216.9% during the second quarter, owning 33,619 shares valued at approximately $4.83 million.
• J.B. Hunt's recent earnings report showed an EPS of $1.76, exceeding analysts' estimates, along with a quarterly revenue of $3.05 billion, marking a 0.5% decline year-over-year.
• Analysts have raised their price targets for J.B. Hunt shares, with a consensus price target set at $165.35 and a rating of "Moderate Buy" based on multiple recent reports.

Cwm LLC raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 216.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,619 shares of the transportation company's stock after purchasing an additional 23,009 shares during the period. Cwm LLC's holdings in J.B. Hunt Transport Services were worth $4,828,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in J.B. Hunt Transport Services by 13.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company's stock valued at $1,529,000 after purchasing an additional 1,209 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of J.B. Hunt Transport Services in the first quarter worth approximately $1,746,000. Bessemer Group Inc. boosted its stake in shares of J.B. Hunt Transport Services by 22.4% in the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after acquiring an additional 120 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of J.B. Hunt Transport Services by 179.8% in the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company's stock worth $590,000 after acquiring an additional 2,564 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of J.B. Hunt Transport Services by 8.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock worth $976,000 after acquiring an additional 494 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 989 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the sale, the executive vice president owned 946 shares in the company, valued at approximately $143,763.62. The trade was a 51.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric Mcgee acquired 1,148 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the acquisition, the executive vice president directly owned 7,397 shares in the company, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on JBHT shares. Wells Fargo & Company lifted their price target on J.B. Hunt Transport Services from $160.00 to $170.00 and gave the stock an "overweight" rating in a research note on Thursday. Evercore ISI lifted their price objective on J.B. Hunt Transport Services from $155.00 to $168.00 and gave the stock an "outperform" rating in a research report on Thursday. Barclays lifted their price objective on J.B. Hunt Transport Services from $135.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Thursday. Stifel Nicolaus lifted their price objective on J.B. Hunt Transport Services from $140.00 to $147.00 and gave the stock a "hold" rating in a research report on Thursday. Finally, Morgan Stanley lifted their price objective on J.B. Hunt Transport Services from $145.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $165.35.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $169.57 on Friday. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $16.41 billion, a P/E ratio of 29.39, a P/E/G ratio of 2.20 and a beta of 1.24. The stock's fifty day moving average is $140.63 and its two-hundred day moving average is $141.03.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.30. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.89% and a net margin of 4.75%.The company's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 earnings per share. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services's payout ratio is currently 32.00%.

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.

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