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

Jennison Associates LLC grew its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,822 shares of the transportation company's stock after purchasing an additional 4,894 shares during the period. Jennison Associates LLC owned approximately 0.17% of J.B. Hunt Transport Services worth $35,518,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. CWM LLC increased its holdings in J.B. Hunt Transport Services by 31.0% during the 4th quarter. CWM LLC now owns 2,983 shares of the transportation company's stock worth $596,000 after purchasing an additional 706 shares during the period. abrdn plc increased its holdings in J.B. Hunt Transport Services by 57.9% during the 4th quarter. abrdn plc now owns 36,611 shares of the transportation company's stock worth $7,313,000 after purchasing an additional 13,421 shares during the period. Western Wealth Management LLC purchased a new stake in J.B. Hunt Transport Services during the 4th quarter worth about $203,000. Calamos Advisors LLC increased its holdings in J.B. Hunt Transport Services by 0.6% during the 4th quarter. Calamos Advisors LLC now owns 81,942 shares of the transportation company's stock worth $16,367,000 after purchasing an additional 519 shares during the period. Finally, AIA Group Ltd increased its holdings in J.B. Hunt Transport Services by 58.8% during the 4th quarter. AIA Group Ltd now owns 6,426 shares of the transportation company's stock worth $1,284,000 after purchasing an additional 2,379 shares during the period. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock traded down $0.89 during trading hours on Thursday, reaching $163.74. 714,148 shares of the company's stock were exchanged, compared to its average volume of 840,848. The company has a market cap of $16.91 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. The company's 50 day moving average is $193.82 and its two-hundred day moving average is $192.25. J.B. Hunt Transport Services, Inc. has a 1 year low of $160.07 and a 1 year high of $219.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.15.

Analyst Ratings Changes

A number of research firms have recently commented on JBHT. BMO Capital Markets dropped their price objective on J.B. Hunt Transport Services from $218.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, April 18th. Loop Capital dropped their price objective on J.B. Hunt Transport Services from $200.00 to $177.00 and set a "hold" rating on the stock in a report on Thursday, April 18th. Benchmark reiterated a "buy" rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. StockNews.com downgraded J.B. Hunt Transport Services from a "hold" rating to a "sell" rating in a report on Friday, March 8th. Finally, JPMorgan Chase & Co. dropped their price objective on J.B. Hunt Transport Services from $209.00 to $204.00 and set an "overweight" rating on the stock in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $194.24.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer bought 5,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $1,014,950. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Patrick J. Ottensmeyer acquired 5,000 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at approximately $1,014,950. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Bracy sold 754 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares of the company's stock, valued at $1,744,090.65. The disclosure for this sale can be found here. In the last three months, insiders sold 15,454 shares of company stock valued at $3,283,219. Corporate 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.