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

Jennison Associates LLC reduced its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 159,099 shares of the transportation company's stock after selling 18,352 shares during the quarter. Jennison Associates LLC owned 0.16% of J.B. Hunt Transport Services worth $27,418,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JBHT. Catalyst Capital Advisors LLC purchased a new position in J.B. Hunt Transport Services during the third quarter worth about $26,000. Versant Capital Management Inc lifted its holdings in shares of J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company's stock valued at $30,000 after buying an additional 149 shares during the period. Innealta Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. nVerses Capital LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth $36,000. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Trading Up 0.2 %

J.B. Hunt Transport Services stock traded up $0.31 during trading on Friday, hitting $181.88. The company's stock had a trading volume of 463,625 shares, compared to its average volume of 867,017. The stock's fifty day moving average is $176.54 and its 200 day moving average is $168.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51. The stock has a market capitalization of $18.34 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 2.87 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the company posted $1.80 EPS. As a group, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services's payout ratio is currently 31.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on JBHT shares. Citigroup boosted their target price on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Susquehanna boosted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Stephens reaffirmed an "overweight" rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Barclays boosted their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group dropped their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $190.11.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 sale, the senior vice president now directly owns 8,235 shares in the company, valued at $1,563,579.45. The trade was a 16.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,314 shares of company stock valued at $1,008,962. Company insiders own 2.10% of the company's stock.

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.