Jennison Associates LLC Has $27.42 Million Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Jennison Associates LLC lowered its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,099 shares of the transportation company’s stock after selling 18,352 shares during the quarter. Jennison Associates LLC’s holdings in J.B. Hunt Transport Services were worth $27,418,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of JBHT. Forsta AP Fonden lifted its stake in J.B. Hunt Transport Services by 28.2% in the third quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock valued at $2,740,000 after buying an additional 3,500 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its position in J.B. Hunt Transport Services by 24.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock valued at $5,838,000 after acquiring an additional 5,767 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in J.B. Hunt Transport Services by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock worth $32,861,000 after purchasing an additional 3,910 shares during the period. CWM LLC increased its holdings in J.B. Hunt Transport Services by 119.5% during the 3rd quarter. CWM LLC now owns 7,858 shares of the transportation company’s stock worth $1,354,000 after purchasing an additional 4,278 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $690,000. Institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JBHT. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Stifel Nicolaus raised their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Susquehanna boosted their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Barclays raised their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, Benchmark reaffirmed a “buy” rating and issued a $185.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.11.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $189.87, for a total value of $306,450.18. Following the transaction, the senior vice president now owns 8,235 shares in the company, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the transaction, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at $786,550.50. The trade was a 35.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,314 shares of company stock valued at $1,008,962. 2.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services Stock Up 0.1 %

Shares of NASDAQ:JBHT opened at $181.68 on Friday. The stock has a market cap of $18.32 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 2.87 and a beta of 1.14. The business’s 50 day moving average is $176.54 and its 200 day moving average is $168.73. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same quarter last year, the business posted $1.80 EPS. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.95%. J.B. Hunt Transport Services’s payout ratio is currently 31.27%.

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.