AIA Group Ltd Acquires 366 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Posted by AM Reporter Staff on Aug 6th, 2022

AIA Group Ltd increased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) by 42.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,230 shares of the transportation company’s stock after purchasing an additional 366 shares during the period. AIA Group Ltd’s holdings in J.B. Hunt Transport Services were worth $247,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Ensign Peak Advisors Inc lifted its stake in J.B. Hunt Transport Services by 172.6% in the 4th quarter. Ensign Peak Advisors Inc now owns 21,831 shares of the transportation company’s stock valued at $4,462,000 after acquiring an additional 13,824 shares in the last quarter. CIBC Asset Management Inc lifted its stake in J.B. Hunt Transport Services by 1.3% in the 4th quarter. CIBC Asset Management Inc now owns 25,160 shares of the transportation company’s stock valued at $5,143,000 after acquiring an additional 335 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in J.B. Hunt Transport Services by 30.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,852 shares of the transportation company’s stock valued at $583,000 after acquiring an additional 662 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in J.B. Hunt Transport Services by 53.5% in the 4th quarter. BNP Paribas Arbitrage SA now owns 34,497 shares of the transportation company’s stock valued at $7,051,000 after acquiring an additional 12,023 shares in the last quarter. Finally, National Asset Management Inc. raised its stake in shares of J.B. Hunt Transport Services by 20.4% during the 1st quarter. National Asset Management Inc. now owns 1,733 shares of the transportation company’s stock worth $349,000 after purchasing an additional 294 shares in the last quarter. Institutional investors own 72.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $183.60 on Friday. The firm has a market cap of $19.06 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 1.26 and a beta of 1.12. J.B. Hunt Transport Services, Inc. has a one year low of $153.92 and a one year high of $218.18. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.22 and a quick ratio of 1.27. The stock’s fifty day moving average price is $167.81 and its two-hundred day moving average price is $180.36.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last released its earnings results on Tuesday, July 19th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.07. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.61 billion. J.B. Hunt Transport Services had a return on equity of 29.82% and a net margin of 6.73%. J.B. Hunt Transport Services’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 EPS. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 9.61 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, August 4th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 18.04%.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 2,200 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $179.85, for a total transaction of $395,670.00. Following the sale, the executive vice president now directly owns 9,058 shares of the company’s stock, valued at approximately $1,629,081.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other J.B. Hunt Transport Services news, Director Sharilyn S. Gasaway acquired 650 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The stock was acquired at an average cost of $161.87 per share, for a total transaction of $105,215.50. Following the transaction, the director now directly owns 26,200 shares in the company, valued at $4,240,994. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 2,200 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $179.85, for a total value of $395,670.00. Following the sale, the executive vice president now owns 9,058 shares of the company’s stock, valued at $1,629,081.30. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $210.00 to $217.00 in a research note on Tuesday, April 26th. Wells Fargo & Company upped their price objective on J.B. Hunt Transport Services from $183.00 to $196.00 in a research note on Wednesday, July 20th. Cowen upped their price objective on J.B. Hunt Transport Services from $188.00 to $193.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 20th. UBS Group dropped their price objective on J.B. Hunt Transport Services from $186.00 to $180.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 20th. Finally, KeyCorp dropped their price objective on J.B. Hunt Transport Services from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Monday, April 11th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.63.

J.B. Hunt Transport Services Company Profile

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J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.