Cromwell Holdings LLC Grows Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Cromwell Holdings LLC boosted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 47.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 237 shares of the transportation company’s stock after acquiring an additional 76 shares during the period. Cromwell Holdings LLC’s holdings in J.B. Hunt Transport Services were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in shares of J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 149 shares during the last quarter. Innealta Capital LLC purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $31,000. nVerses Capital LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $32,000. Ashton Thomas Private Wealth LLC purchased a new position in J.B. Hunt Transport Services during the second quarter worth $36,000. Finally, International Assets Investment Management LLC acquired a new position in shares of J.B. Hunt Transport Services in the second quarter worth $40,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on JBHT shares. Evercore ISI increased their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Citigroup started coverage on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 9th. They set a “buy” rating and a $201.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Stephens reissued an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Benchmark reaffirmed a “buy” rating and issued a $185.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $187.56.

J.B. Hunt Transport Services Trading Down 0.6 %

NASDAQ JBHT opened at $174.83 on Friday. The firm has a market capitalization of $17.83 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 3.01 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.21 and a current ratio of 0.94. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The company’s 50 day moving average price is $171.77 and its 200 day moving average price is $167.01.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the firm posted $1.80 EPS. On average, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 5.69 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is 31.27%.

J.B. Hunt Transport Services Company 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.