J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Bought by AIA Group Ltd

AIA Group Ltd raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 58.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,426 shares of the transportation company’s stock after buying an additional 2,379 shares during the period. AIA Group Ltd’s holdings in J.B. Hunt Transport Services were worth $1,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp increased its position in shares of J.B. Hunt Transport Services by 0.9% during the first quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock worth $1,264,000 after purchasing an additional 56 shares in the last quarter. Drive Wealth Management LLC increased its position in shares of J.B. Hunt Transport Services by 3.5% during the fourth quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company’s stock worth $339,000 after purchasing an additional 57 shares in the last quarter. Garrison Asset Management LLC increased its position in shares of J.B. Hunt Transport Services by 0.4% during the third quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company’s stock worth $2,532,000 after purchasing an additional 59 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of J.B. Hunt Transport Services by 0.5% during the first quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock worth $2,661,000 after purchasing an additional 60 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of J.B. Hunt Transport Services by 26.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock worth $60,000 after purchasing an additional 62 shares in 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 news, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the sale, the insider now owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman James K. Thompson sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $206.48, for a total transaction of $825,920.00. Following the sale, the chairman now owns 28,259 shares of the company’s stock, valued at approximately $5,834,918.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares in the company, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. Insiders have sold 20,432 shares of company stock valued at $4,309,687 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $164.20 on Friday. J.B. Hunt Transport Services, Inc. has a twelve month low of $160.07 and a twelve month high of $219.51. The stock’s 50 day moving average is $198.90 and its two-hundred day moving average is $192.97. The firm has a market capitalization of $16.96 billion, a PE ratio of 26.06, a P/E/G ratio of 1.48 and a beta of 1.11. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. J.B. Hunt Transport Services’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 EPS. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.57 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on JBHT. Benchmark reiterated a “buy” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday. Robert W. Baird cut their target price on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stephens dropped their price target on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a research report on Wednesday. TD Cowen dropped their price target on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, UBS Group dropped their price target on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.56.

J.B. Hunt Transport Services 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.