2,361 Shares in J.B. Hunt Transport Services, Inc. $JBHT Bought by Aaron Wealth Advisors LLC

Key Points

• Aaron Wealth Advisors LLC has acquired a new stake in J.B. Hunt Transport Services, with a purchase of 2,361 shares valued at approximately $339,000.
• Institutional investors and hedge funds collectively own 74.95% of J.B. Hunt's stock, indicating strong institutional support for the company.
• J.B. Hunt recently announced a quarterly dividend of $0.44 per share, resulting in an annualized yield of 1.3%.

Aaron Wealth Advisors LLC acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,361 shares of the transportation company's stock, valued at approximately $339,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Czech National Bank raised its position in shares of J.B. Hunt Transport Services by 5.0% in the 2nd quarter. Czech National Bank now owns 19,154 shares of the transportation company's stock valued at $2,751,000 after buying an additional 909 shares in the last quarter. Kera Capital Partners Inc. acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $470,000. Voya Investment Management LLC increased its position in J.B. Hunt Transport Services by 0.5% in the 1st quarter. Voya Investment Management LLC now owns 23,753 shares of the transportation company's stock valued at $3,514,000 after acquiring an additional 125 shares during the period. Strs Ohio acquired a new position in J.B. Hunt Transport Services in the 1st quarter valued at approximately $6,658,000. Finally, IFM Investors Pty Ltd increased its position in J.B. Hunt Transport Services by 1.8% in the 1st quarter. IFM Investors Pty Ltd now owns 12,478 shares of the transportation company's stock valued at $1,846,000 after acquiring an additional 218 shares during the period. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Down 1.9%

JBHT stock traded down $2.54 during trading on Friday, hitting $132.52. 2,214,390 shares of the stock traded hands, compared to its average volume of 1,079,566. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 2.11 and a beta of 1.28. The firm's 50 day moving average is $143.92 and its two-hundred day moving average is $142.83. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40.

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

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given 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 was Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio is currently 32.00%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on JBHT shares. Robert W. Baird initiated coverage on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price objective on the stock. Morgan Stanley dropped their price target on shares of J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. Wells Fargo & Company reissued an "overweight" rating and set a $163.00 price target (up from $150.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. Raymond James Financial raised their price objective on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average target price of $164.14.

Insiders Place Their Bets

In other news, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the sale, the executive vice president directly owned 946 shares in the company, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Eric Mcgee purchased 1,148 shares of the business's stock in a transaction dated Monday, August 4th. The shares were purchased at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, the executive vice president owned 7,397 shares of the company's stock, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company insiders.

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.