Jennison Associates LLC Has $30.98 Million Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Jennison Associates LLC raised its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 181,550 shares of the transportation company's stock after purchasing an additional 22,451 shares during the quarter. Jennison Associates LLC owned about 0.18% of J.B. Hunt Transport Services worth $30,983,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBHT. Janus Henderson Group PLC boosted its stake in shares of 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 worth $581,567,000 after acquiring an additional 22,563 shares in the last quarter. State Street Corp lifted its holdings in shares of J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after purchasing an additional 19,826 shares in the last quarter. Parnassus Investments LLC lifted its holdings in shares of J.B. Hunt Transport Services by 14.1% in the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company's stock valued at $129,765,000 after purchasing an additional 93,213 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of J.B. Hunt Transport Services by 1.4% in the third quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company's stock valued at $110,524,000 after purchasing an additional 8,997 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company's stock valued at $95,419,000 after purchasing an additional 12,040 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JBHT shares. Wells Fargo & Company reduced their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Bank of America increased their target price on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Evercore ISI reduced their price objective on J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Stifel Nicolaus reduced their price objective on J.B. Hunt Transport Services from $167.00 to $161.00 and set a "hold" rating for the company in a research report on Wednesday, January 15th. Finally, UBS Group reduced their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $191.11.

J.B. Hunt Transport Services Trading Down 1.7 %

NASDAQ:JBHT traded down $2.88 during trading hours on Friday, hitting $166.15. 576,827 shares of the stock were exchanged, compared to its average volume of 1,068,492. The company's 50 day moving average is $175.33 and its two-hundred day moving average is $174.82. The company has a market capitalization of $16.75 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 1.62 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 quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate 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 revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $0.44 per share. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date is Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.06%. J.B. Hunt Transport Services's payout ratio is presently 30.94%.

Insider Activity at J.B. Hunt Transport Services

In related news, Director James K. Thompson sold 4,400 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the sale, the director now owns 23,559 shares in the company, valued at $4,131,541.83. This represents a 15.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Shelley Simpson sold 6,000 shares of the 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 transaction, the chief executive officer now owns 82,264 shares of the company's stock, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,545 shares of company stock worth $1,898,942 in the last quarter. Corporate insiders own 2.10% of the company's stock.

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.