J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP increased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 438,407 shares of the transportation company's stock after purchasing an additional 6,234 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.43% of J.B. Hunt Transport Services worth $87,567,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of J.B. Hunt Transport Services by 184.6% during the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company's stock valued at $406,215,000 after purchasing an additional 1,397,651 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of J.B. Hunt Transport Services by 7,720.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company's stock worth $196,485,000 after acquiring an additional 971,124 shares in the last quarter. Norges Bank bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at approximately $185,299,000. Royal Bank of Canada grew its holdings in shares of J.B. Hunt Transport Services by 437.9% in the third quarter. Royal Bank of Canada now owns 244,091 shares of the transportation company's stock valued at $46,016,000 after purchasing an additional 198,713 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of J.B. Hunt Transport Services by 24.7% in the third quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company's stock valued at $167,664,000 after purchasing an additional 176,027 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 0.2 %

Shares of J.B. Hunt Transport Services stock traded down $0.26 during trading on Friday, hitting $157.62. 462,000 shares of the stock traded hands, compared to its average volume of 861,042. J.B. Hunt Transport Services, Inc. has a 52-week low of $155.43 and a 52-week high of $219.51. The stock's fifty day simple moving average is $177.41 and its 200 day simple moving average is $190.29. The firm has a market cap of $16.27 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.79 and a beta of 1.17. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.12 billion. On average, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.48 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.09%. The ex-dividend date was Thursday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is currently 27.30%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America lowered their price objective on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a "buy" rating for the company in a research report on Wednesday, April 17th. BMO Capital Markets dropped their price target on J.B. Hunt Transport Services from $218.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, April 18th. TD Cowen lowered their price objective on J.B. Hunt Transport Services from $193.00 to $181.00 and set a "hold" rating for the company in a research note on Wednesday, April 17th. StockNews.com raised J.B. Hunt Transport Services from a "sell" rating to a "hold" rating in a research report on Monday, April 29th. Finally, Benchmark reaffirmed a "buy" rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average price target of $194.24.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Brian Webb sold 900 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $208.54, for a total transaction of $187,686.00. Following the sale, the executive vice president now owns 15,032 shares of the company's stock, valued at approximately $3,134,773.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other J.B. Hunt Transport Services news, CEO John N. Roberts acquired 6,200 shares of the business's stock in a transaction dated Friday, April 26th. The stock was acquired at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the transaction, the chief executive officer now directly owns 313,955 shares of the company's stock, valued at $50,565,592.30. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Brian Webb sold 900 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $208.54, for a total value of $187,686.00. Following the transaction, the executive vice president now directly owns 15,032 shares of the company's stock, valued at $3,134,773.28. The disclosure for this sale can be found here. 2.10% of the stock is owned by company 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.