Aperio Group LLC Has $2.15 Million Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Aperio Group LLC raised its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 25.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,530 shares of the transportation company’s stock after buying an additional 4,721 shares during the period. Aperio Group LLC’s holdings in J.B. Hunt Transport Services were worth $2,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. raised its position in J.B. Hunt Transport Services by 3.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock worth $119,000 after buying an additional 43 shares during the period. Van ECK Associates Corp raised its position in J.B. Hunt Transport Services by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock worth $135,000 after buying an additional 95 shares during the period. Meeder Asset Management Inc. acquired a new position in J.B. Hunt Transport Services during the second quarter worth $173,000. Global X Management Co. LLC raised its position in J.B. Hunt Transport Services by 28.9% in the first quarter. Global X Management Co. LLC now owns 1,952 shares of the transportation company’s stock worth $179,000 after buying an additional 438 shares during the period. Finally, Creative Planning raised its position in J.B. Hunt Transport Services by 20.1% in the second quarter. Creative Planning now owns 2,132 shares of the transportation company’s stock worth $195,000 after buying an additional 357 shares during the period. 73.14% of the stock is owned by hedge funds and other institutional investors.

Shares of J.B. Hunt Transport Services, Inc. (JBHT) opened at 96.63 on Friday. The stock’s 50 day moving average price is $92.51 and its 200 day moving average price is $91.93. J.B. Hunt Transport Services, Inc. has a 52-week low of $76.20 and a 52-week high of $102.38. The company has a market capitalization of $10.57 billion, a P/E ratio of 25.35 and a beta of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. On average, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post $3.88 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Thursday, August 3rd. J.B. Hunt Transport Services’s dividend payout ratio is presently 24.08%.

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A number of research analysts recently weighed in on JBHT shares. Loop Capital reissued a “buy” rating and issued a $103.00 target price (down from $105.00) on shares of J.B. Hunt Transport Services in a report on Saturday, July 22nd. Bank of America Corporation reissued a “buy” rating and issued a $109.00 target price (up from $98.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 10th. Morgan Stanley reissued an “equal weight” rating and issued a $84.00 target price (down from $85.00) on shares of J.B. Hunt Transport Services in a report on Tuesday, July 18th. BidaskClub raised shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $88.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, June 23rd. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $98.73.

In related news, EVP Shelley Simpson sold 3,700 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $97.05, for a total transaction of $359,085.00. Following the transaction, the executive vice president now owns 55,944 shares of the company’s stock, valued at approximately $5,429,365.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David G. Mee sold 10,767 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $91.29, for a total value of $982,919.43. Following the transaction, the chief financial officer now directly owns 109,500 shares in the company, valued at approximately $9,996,255. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,148 shares of company stock valued at $3,433,555. Company insiders own 4.30% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.