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

Key Points

• Aigen Investment Management LP increased its J.B. Hunt Transport Services stake by 363.7% in the fourth quarter, buying 6,449 additional shares and bringing its total to 8,222 shares worth about $1.6 million.
• Wall Street sentiment remains generally positive, with several analysts raising price targets; the stock currently carries a Moderate Buy consensus and an average target price of $233.83.
• J.B. Hunt reported stronger-than-expected quarterly results, with EPS of $1.49 and revenue of $3.06 billion, while the stock recently traded near its 52-week high at $289.36.

Aigen Investment Management LP lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 363.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 reporting period.

Other hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake in J.B. Hunt Transport Services by 52.8% during the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company's stock worth $30,000 after purchasing an additional 76 shares during the period. CYBER HORNET ETFs LLC bought a new position in J.B. Hunt Transport Services during the second quarter worth about $31,000. International Assets Investment Management LLC bought a new position in J.B. Hunt Transport Services during the fourth quarter worth about $32,000. MUFG Securities EMEA plc bought a new position in J.B. Hunt Transport Services during the second quarter worth about $34,000. Finally, Whittier Trust Co. lifted its stake in J.B. Hunt Transport Services by 39.1% during the fourth 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. Institutional investors own 74.95% of the company's stock.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of analyst reports. BMO Capital Markets raised their price target on shares of J.B. Hunt Transport Services from $250.00 to $320.00 and gave the stock an "outperform" rating in a research note on Friday, June 5th. Bank of America raised their price target on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, April 16th. UBS Group raised their price target on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a "neutral" rating in a research note on Thursday, April 16th. Robert W. Baird raised their price target on shares of J.B. Hunt Transport Services from $215.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, April 17th. Finally, Evercore restated an "outperform" rating and set a $248.00 price target on shares of J.B. Hunt Transport Services in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $233.83.

Insider Transactions at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs sold 1,272 shares of the business's stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total value of $318,954.00. Following the completion of the transaction, the chief operating officer owned 91,736 shares in the company, valued at $23,002,802. The trade was a 1.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brian Webb sold 1,500 shares of the business's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the transaction, the executive vice president owned 15,881 shares of the company's stock, valued at $4,510,362.81. This trade represents a 8.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,119 shares of company stock worth $4,736,095 over the last ninety days. 2.50% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $289.36 on Friday. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $293.54. The firm has a 50 day moving average of $253.00 and a 200-day moving average of $222.43. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $27.29 billion, a P/E ratio of 44.79, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30.

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

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given 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 payout ratio is 27.86%.

J.B. Hunt Transport Services 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.

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