Aigen Investment Management LP Makes New Investment in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Aigen Investment Management LP acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,117 shares of the transportation company’s stock, valued at approximately $609,000.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in J.B. Hunt Transport Services by 13.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company’s stock worth $1,529,000 after buying an additional 1,209 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of J.B. Hunt Transport Services during the first quarter worth approximately $1,746,000. Bessemer Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 22.4% during the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock worth $97,000 after purchasing an additional 120 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of J.B. Hunt Transport Services by 179.8% during the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock worth $590,000 after purchasing an additional 2,564 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of J.B. Hunt Transport Services by 8.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock worth $976,000 after purchasing an additional 494 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP David Keefauver sold 989 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the sale, the executive vice president directly owned 946 shares in the company, valued at $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Eric Mcgee acquired 1,148 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the acquisition, the executive vice president owned 7,397 shares of the company’s stock, valued at $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Trading Down 1.2%

JBHT opened at $137.78 on Tuesday. The firm’s fifty day moving average is $145.44 and its two-hundred day moving average is $147.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $13.34 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business posted $1.32 earnings per share. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 32.00%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on JBHT shares. Baird R W upgraded shares of J.B. Hunt Transport Services to a “strong-buy” rating in a research report on Tuesday, July 1st. Stifel Nicolaus reduced their target price on shares of J.B. Hunt Transport Services from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Wednesday, July 16th. Citigroup reiterated a “buy” rating and set a $170.00 target price (down from $175.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. Susquehanna upped their target price on shares of J.B. Hunt Transport Services from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. Finally, TD Cowen reduced their target price on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.90.

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.