Aberdeen Group plc Has $9.17 Million Stake in J.B. Hunt Transport Services, Inc. $JBHT

Aberdeen Group plc grew its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 9.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,825 shares of the transportation company’s stock after purchasing an additional 5,433 shares during the period. Aberdeen Group plc owned about 0.06% of J.B. Hunt Transport Services worth $9,165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in J.B. Hunt Transport Services by 13.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 1,209 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in J.B. Hunt Transport Services in the 1st quarter worth $1,746,000. Bessemer Group Inc. grew its position in J.B. Hunt Transport Services by 22.4% in the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock worth $97,000 after purchasing an additional 120 shares during the last quarter. SG Americas Securities LLC grew its position in J.B. Hunt Transport Services by 179.8% in the 1st quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock worth $590,000 after purchasing an additional 2,564 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in J.B. Hunt Transport Services by 8.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock worth $976,000 after purchasing an additional 494 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 946 shares of the company’s stock, valued at approximately $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Eric Mcgee bought 1,148 shares of the company’s stock in a transaction on Monday, August 4th. The stock was bought at an average cost of $140.76 per share, with a total value of $161,592.48. Following the completion of the purchase, the executive vice president owned 7,397 shares of the company’s stock, valued at approximately $1,041,201.72. The trade was a 18.37% increase in their position. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JBHT. Morgan Stanley decreased their target price on shares of J.B. Hunt Transport Services from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. Evercore ISI decreased their target price on shares of J.B. Hunt Transport Services from $159.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. JPMorgan Chase & Co. decreased their target price on shares of J.B. Hunt Transport Services from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. UBS Group lowered shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and lifted their target price for the company from $155.00 to $157.00 in a research report on Friday, September 5th. Finally, Susquehanna decreased their target price on shares of J.B. Hunt Transport Services from $157.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.40.

J.B. Hunt Transport Services Trading Down 0.4%

Shares of JBHT stock opened at $138.83 on Thursday. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The company has a market capitalization of $13.44 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.21 and a beta of 1.24. The firm has a 50-day moving average price of $140.05 and a 200 day moving average price of $140.89. 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) last announced its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the firm posted $1.49 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. J.B. Hunt Transport Services’s payout ratio is currently 32.00%.

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.