Pallas Capital Advisors LLC Increases Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Pallas Capital Advisors LLC boosted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,191 shares of the transportation company’s stock after acquiring an additional 151 shares during the period. Pallas Capital Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JBHT. Catalyst Capital Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at approximately $26,000. True Wealth Design LLC raised its holdings in J.B. Hunt Transport Services by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Cromwell Holdings LLC lifted its position in J.B. Hunt Transport Services by 47.2% during the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after buying an additional 76 shares during the period. Versant Capital Management Inc boosted its holdings in shares of J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after buying an additional 142 shares in the last quarter. Finally, Huntington National Bank grew its position in shares of J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after buying an additional 61 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

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

In related news, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the transaction, the executive vice president now owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. This trade represents a 35.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Kevin Bracy sold 1,614 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the sale, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,459 shares of company stock valued at $2,136,277. 2.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

JBHT has been the topic of several research reports. 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. Evercore ISI boosted their price target on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Loop Capital raised their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. The Goldman Sachs Group dropped 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 report on Wednesday, October 9th. Finally, Barclays raised their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average target price of $191.78.

J.B. Hunt Transport Services Stock Up 2.7 %

Shares of J.B. Hunt Transport Services stock opened at $186.55 on Thursday. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $180.64 and its 200 day moving average is $173.58. The company has a market cap of $18.81 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 2.86 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period in the prior year, the firm earned $1.80 EPS. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services 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.