Aigen Investment Management LP Acquires 6,449 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Aigen Investment Management LP lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 363.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,222 shares of the transportation company’s stock after buying an additional 6,449 shares during the period. Aigen Investment Management LP’s holdings in J.B. Hunt Transport Services were worth $1,598,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $32,000. Whittier Trust Co. boosted its stake in J.B. Hunt Transport Services by 39.1% in the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after purchasing an additional 50 shares during the period. CIBC Private Wealth Group LLC boosted its stake in J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares during the period. Activest Wealth Management boosted its stake in J.B. Hunt Transport Services by 19,800.0% in the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock worth $39,000 after purchasing an additional 198 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services in the 2nd quarter worth $31,000. Institutional investors own 74.95% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Brian Webb sold 1,500 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the sale, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. This trade represents a 8.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Darren P. Field sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the completion of the sale, the executive vice president owned 8,696 shares of the company’s stock, valued at $2,213,045.04. This trade represents a 31.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,119 shares of company stock worth $4,736,095 in the last three months. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on JBHT shares. Argus set a $285.00 target price on shares of J.B. Hunt Transport Services in a research note on Monday, April 20th. Morgan Stanley upped their price target on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Citigroup raised their price target on shares of J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Susquehanna lifted their price objective on shares of J.B. Hunt Transport Services from $250.00 to $290.00 and gave the company a “positive” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.83.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $289.36 on Friday. The stock has a market capitalization of $27.29 billion, a price-to-earnings ratio of 44.79, a PEG ratio of 2.15 and a beta of 1.30. The business has a 50-day moving average of $253.00 and a 200-day moving average of $222.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $293.54.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.04. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.J.B. Hunt Transport Services’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 EPS. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.86%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.