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

Key Points

• Aigen Investment Management LP acquired a new position in J.B. Hunt Transport Services, purchasing 4,117 shares valued at approximately $609,000 during the first quarter.
• Despite a recent earnings report that missed analysts' expectations with $1.31 earnings per share, J.B. Hunt Transport Services announced a quarterly dividend of $0.44, representing a 1.3% yield.
• Several institutional investors have significantly increased their holdings in J.B. Hunt, with 74.95% of the stock now owned by hedge funds and other institutions.

Aigen Investment Management LP bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 4,117 shares of the transportation company's stock, valued at approximately $609,000.

Several other institutional investors have also made changes to their positions in JBHT. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of J.B. Hunt Transport Services by 13.1% in 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 acquiring an additional 1,209 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in J.B. Hunt Transport Services in the first quarter valued at approximately $1,746,000. Bessemer Group Inc. increased its stake in J.B. Hunt Transport Services by 22.4% in the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock valued at $97,000 after purchasing an additional 120 shares in the last quarter. SG Americas Securities LLC increased its stake in J.B. Hunt Transport Services by 179.8% in the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company's stock valued at $590,000 after purchasing an additional 2,564 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in J.B. Hunt Transport Services by 8.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock valued at $976,000 after purchasing an additional 494 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Trading Down 0.7%

NASDAQ:JBHT traded down $1.00 during midday trading on Friday, hitting $143.45. The stock had a trading volume of 544,605 shares, compared to its average volume of 1,064,553. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.22 and a beta of 1.29. The stock has a 50-day moving average of $145.77 and a 200 day moving average of $147.07. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced 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 period last year, the business posted $1.32 EPS. The firm's revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 32.00%.

Wall Street Analyst Weigh In

JBHT has been the subject of several research analyst reports. Robert W. Baird started coverage on shares of J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price target for the company. The Goldman Sachs Group set a $164.00 price objective on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Truist Financial increased their price objective on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Wells Fargo & Company reaffirmed 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. Finally, Citigroup reiterated a "buy" rating and set a $170.00 price objective (down from $175.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 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. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and an average target price of $164.90.

Insider Transactions at J.B. Hunt Transport Services

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

About J.B. Hunt Transport Services

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.