J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Position Raised by Jennison Associates LLC

Jennison Associates LLC lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 14.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 181,550 shares of the transportation company’s stock after acquiring an additional 22,451 shares during the period. Jennison Associates LLC owned 0.18% of J.B. Hunt Transport Services worth $30,983,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of JBHT. Janus Henderson Group PLC boosted its stake in J.B. Hunt Transport Services by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock valued at $581,567,000 after purchasing an additional 22,563 shares during the period. State Street Corp raised its holdings in shares of J.B. Hunt Transport Services by 0.6% during the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after buying an additional 19,826 shares during the last quarter. Parnassus Investments LLC boosted its position in shares of J.B. Hunt Transport Services by 14.1% during the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock worth $129,765,000 after buying an additional 93,213 shares during the period. Stifel Financial Corp grew its holdings in J.B. Hunt Transport Services by 1.4% in the 3rd quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company’s stock worth $110,524,000 after buying an additional 8,997 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in J.B. Hunt Transport Services by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock valued at $95,419,000 after acquiring an additional 12,040 shares during the period. Institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

In related news, SVP Kevin Bracy sold 1,614 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the sale, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,563,579.45. This trade represents a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the transaction, the chief executive officer now directly owns 82,264 shares in the company, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,159 shares of company stock worth $2,205,393. 2.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

JBHT has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Loop Capital increased their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Evercore ISI reduced their price target on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Stephens reiterated an “overweight” rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Finally, Citigroup dropped their target price on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $191.11.

J.B. Hunt Transport Services Trading Up 1.0 %

NASDAQ JBHT opened at $168.97 on Wednesday. The firm’s 50 day moving average price is $176.61 and its two-hundred day moving average price is $174.82. The stock has a market cap of $17.04 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 1.57 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.62 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio is 30.94%.

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.