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

Jennison Associates LLC grew its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,822 shares of the transportation company’s stock after buying an additional 4,894 shares during the period. Jennison Associates LLC owned 0.17% of J.B. Hunt Transport Services worth $35,518,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in JBHT. VisionPoint Advisory Group LLC raised its stake in J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 87 shares during the period. Operose Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services in the third quarter worth about $34,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $36,000. Exchange Traded Concepts LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter valued at approximately $45,000. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in J.B. Hunt Transport Services by 505.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock worth $58,000 after buying an additional 258 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 1.7 %

Shares of JBHT opened at $164.63 on Thursday. 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 market capitalization of $17.01 billion, a P/E ratio of 26.13, a P/E/G ratio of 2.20 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.15. The firm’s 50 day simple moving average is $194.92 and its 200 day simple moving average is $192.45.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Eric Mcgee sold 3,800 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.56, for a total transaction of $807,728.00. Following the completion of the sale, the executive vice president now directly owns 464 shares of the company’s stock, valued at approximately $98,627.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer purchased 5,000 shares of J.B. Hunt Transport Services stock in a transaction on Monday, March 4th. The shares were acquired at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $1,014,950. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP Eric Mcgee sold 3,800 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.56, for a total transaction of $807,728.00. Following the transaction, the executive vice president now directly owns 464 shares in the company, valued at $98,627.84. The disclosure for this sale can be found here. Insiders have sold 15,454 shares of company stock valued at $3,283,219 in the last quarter. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JBHT. Benchmark reissued a “buy” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. Stephens reduced their price target on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. UBS Group dropped their price objective on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. JPMorgan Chase & Co. cut their target price on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus decreased their price target on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.24.

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.