Cwm LLC Increases Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

CWM LLC lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 119.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,858 shares of the transportation company's stock after acquiring an additional 4,278 shares during the period. CWM LLC's holdings in J.B. Hunt Transport Services were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake 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 worth $30,000 after acquiring an additional 149 shares during the last quarter. Innealta Capital LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth $31,000. nVerses Capital LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth $32,000. Ashton Thomas Private Wealth LLC acquired 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 J.B. Hunt Transport Services during the second quarter worth $40,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on JBHT. Susquehanna boosted their price objective on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday. Barclays boosted their price objective on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Wednesday. The Goldman Sachs Group reduced their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Bank of America lifted their target price on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, TD Cowen lifted their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a "hold" rating in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and an average price target of $187.56.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 3,000 shares of the company'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 completion of the transaction, the executive vice president now directly owns 14,150 shares of the company's stock, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Darren P. Field sold 3,000 shares of the company'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 completion of the transaction, the executive vice president now directly owns 14,150 shares of the company's stock, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction dated Friday, July 19th. The shares were acquired at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now owns 3,594 shares in the company, valued at approximately $587,511.18. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Stock Down 3.7 %

NASDAQ JBHT traded down $6.67 during trading hours on Thursday, hitting $173.48. 1,513,362 shares of the company were exchanged, compared to its average volume of 857,164. The company has a 50 day moving average of $170.47 and a two-hundred day moving average of $167.82. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.84 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the business earned $1.80 EPS. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.6 earnings per share for the current year.

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.