Jennison Associates LLC Trims Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Jennison Associates LLC lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 31.6% during the first quarter, according to the company in its most recent disclosure with the Securities and 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 filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $6,030,000. Signaturefd LLC increased its position in J.B. Hunt Transport Services by 8.0% during the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock valued at $140,000 after purchasing an additional 61 shares during the period. Royal London Asset Management Ltd. raised its holdings in J.B. Hunt Transport Services by 3.8% during the 4th quarter. Royal London Asset Management Ltd. now owns 41,617 shares of the transportation company's stock worth $7,102,000 after purchasing an additional 1,525 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $212,000. Finally, American Century Companies Inc. lifted its position in shares of J.B. Hunt Transport Services by 10.8% in the 4th quarter. American Century Companies Inc. now owns 138,373 shares of the transportation company's stock worth $23,615,000 after purchasing an additional 13,475 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT traded down $1.74 on Wednesday, reaching $150.19. The stock had a trading volume of 507,454 shares, compared to its average volume of 996,419. The firm has a fifty day moving average of $144.72 and a two-hundred day moving average of $150.89. The company has a market cap of $14.90 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 2.27 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.89. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.93 billion. During the same quarter in the previous year, the business earned $1.32 EPS. The company's revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.17%. J.B. Hunt Transport Services's dividend payout ratio is currently 32.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on JBHT shares. Robert W. Baird assumed coverage on J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 target price for the company. Citigroup restated a "buy" rating and issued a $170.00 price objective (down from $175.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. JPMorgan Chase & Co. upped their price objective on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Stephens cut their price objective on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Baird R W upgraded shares of J.B. Hunt Transport Services to a "strong-buy" rating in a research note on Tuesday, July 1st. Ten investment 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 company's stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average price target of $164.90.

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.