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

Jennison Associates LLC decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 31.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,217 shares of the transportation company's stock after selling 57,333 shares during the quarter. Jennison Associates LLC owned about 0.13% of J.B. Hunt Transport Services worth $18,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its position in J.B. Hunt Transport Services by 167.0% in the first quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock valued at $35,000 after acquiring an additional 147 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of J.B. Hunt Transport Services by 49.3% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock valued at $49,000 after purchasing an additional 109 shares during the period. Bessemer Group Inc. boosted its stake in shares of J.B. Hunt Transport Services by 22.4% in the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock valued at $97,000 after purchasing an additional 120 shares during the period. CoreFirst Bank & Trust acquired a new stake in J.B. Hunt Transport Services during the 4th quarter valued at $107,000. Finally, Exchange Traded Concepts LLC increased its stake in J.B. Hunt Transport Services by 13.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock worth $108,000 after buying an additional 85 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on JBHT. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the company a "market perform" rating in a research report on Wednesday, April 16th. Wells Fargo & Company reiterated an "overweight" rating and issued a $163.00 price target (up previously from $150.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. Morgan Stanley reduced their price target on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Bank of America lifted their price objective on J.B. Hunt Transport Services from $166.00 to $171.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Finally, TD Cowen cut their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $164.90.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT traded down $0.11 during midday trading on Thursday, hitting $149.73. The company's stock had a trading volume of 1,188,649 shares, compared to its average volume of 1,057,303. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.89 and a current ratio of 0.87. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40. The firm's fifty day moving average price is $144.80 and its 200-day moving average price is $150.70. The firm has a market cap of $14.85 billion, a P/E ratio of 27.22, a P/E/G ratio of 2.30 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%. The business's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $1.32 EPS. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a yield of 1.18%. J.B. Hunt Transport Services's dividend payout ratio is currently 32.00%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the sale, the executive vice president directly owned 946 shares of the company's stock, valued at $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by insiders.

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.