Frontier Capital Management Co. LLC Has $26.32 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Frontier Capital Management Co. LLC reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,224 shares of the transportation company's stock after selling 55,425 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.15% of J.B. Hunt Transport Services worth $26,320,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of JBHT. National Pension Service acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $30,000. BankPlus Trust Department purchased a new position in J.B. Hunt Transport Services during the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC grew its position in J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after purchasing an additional 134 shares in the last quarter. Smartleaf Asset Management LLC grew its position in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after purchasing an additional 86 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in J.B. Hunt Transport Services by 140.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock valued at $62,000 after buying an additional 212 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on J.B. Hunt Transport Services in a research note on Friday, March 7th. They issued a "hold" rating and a $167.00 target price on the stock. Stifel Nicolaus set a $150.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Stephens decreased their price target 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. Raymond James dropped their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, UBS Group lowered their target price on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $162.20.

J.B. Hunt Transport Services Trading Up 9.7%

Shares of JBHT traded up $13.19 on Monday, reaching $148.72. 2,835,162 shares of the company's stock were exchanged, compared to its average volume of 977,903. The business has a 50 day moving average price of $140.73 and a two-hundred day moving average price of $163.84. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The stock has a market capitalization of $14.75 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.15 by $0.02. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

Insider Activity at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs acquired 1,529 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the acquisition, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the transaction, the executive vice president now owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. This represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

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.