Jennison Associates LLC Sells 57,333 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

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

A number of other institutional investors and hedge funds have also made changes to their positions in JBHT. Janus Henderson Group PLC grew its holdings in J.B. Hunt Transport Services by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company's stock valued at $578,572,000 after purchasing an additional 15,476 shares in the last quarter. Invesco Ltd. grew its stake in shares of J.B. Hunt Transport Services by 5.1% during the fourth quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock valued at $362,554,000 after acquiring an additional 104,019 shares in the last quarter. Geode Capital Management LLC increased its position in shares of J.B. Hunt Transport Services by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock worth $340,049,000 after acquiring an additional 8,968 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of J.B. Hunt Transport Services by 0.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company's stock worth $225,209,000 after acquiring an additional 8,725 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in J.B. Hunt Transport Services by 428.4% in the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock valued at $215,610,000 after purchasing an additional 1,024,295 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on JBHT shares. Raymond James Financial upped their price objective on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Wells Fargo & Company restated an "overweight" rating and set a $163.00 price objective (up from $150.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. Susquehanna increased their target price on shares of J.B. Hunt Transport Services from $155.00 to $157.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Stifel Nicolaus dropped their target price on J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating on the stock in a research report on Wednesday, July 16th. Finally, Baird R W raised J.B. Hunt Transport Services to a "strong-buy" rating in a report on Tuesday, July 1st. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $164.90.

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

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs purchased 1,529 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer owned 91,847 shares of the company's stock, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT traded down $1.29 on Monday, hitting $147.60. The company's stock had a trading volume of 1,132,997 shares, compared to its average volume of 997,954. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.89 and a current ratio of 0.87. The stock's 50-day moving average is $144.65 and its two-hundred day moving average is $151.08. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29.

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

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.44 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.19%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 32.00%.

About J.B. Hunt Transport Services

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.