Jennison Associates LLC Has $30.98 Million Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Jennison Associates LLC boosted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 14.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 181,550 shares of the transportation company’s stock after buying an additional 22,451 shares during the period. Jennison Associates LLC’s holdings in J.B. Hunt Transport Services were worth $30,983,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Studio Investment Management LLC increased its holdings in shares of J.B. Hunt Transport Services by 5.4% during the 3rd quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock valued at $184,000 after acquiring an additional 55 shares during the last quarter. iA Global Asset Management Inc. boosted its position in J.B. Hunt Transport Services by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock worth $368,000 after purchasing an additional 55 shares during the period. Empirical Finance LLC grew its holdings in J.B. Hunt Transport Services by 2.0% during the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock valued at $492,000 after purchasing an additional 56 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of J.B. Hunt Transport Services by 18.3% in the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 60 shares during the period. Finally, Huntington National Bank lifted its stake in shares of J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after buying an additional 61 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $168.97 on Wednesday. The firm has a market capitalization of $17.04 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The firm has a 50-day moving average price of $176.61 and a 200 day moving average price of $174.82.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 earnings per share. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.62 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, February 7th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s payout ratio is currently 30.94%.

Analyst Upgrades and Downgrades

JBHT has been the topic of several recent analyst reports. TD Cowen dropped their target price on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Bank of America lifted their price objective on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. The Goldman Sachs Group decreased their target price 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. Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price on the stock in a report on Friday, January 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $191.11.

Get Our Latest Stock Analysis on J.B. Hunt Transport Services

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Eric Mcgee sold 145 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the transaction, the executive vice president now directly owns 700 shares of the company’s stock, valued at $127,904. The trade was a 17.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,159 shares of company stock valued at $2,205,393. 2.10% of the stock is owned by insiders.

About J.B. Hunt Transport Services

(Free Report)

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.

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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