Westfield Capital Management Co. LP Purchases 16,912 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Westfield Capital Management Co. LP boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 473,735 shares of the transportation company’s stock after purchasing an additional 16,912 shares during the quarter. Westfield Capital Management Co. LP’s holdings in J.B. Hunt Transport Services were worth $81,639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $26,000. Versant Capital Management Inc boosted its stake in J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after acquiring an additional 149 shares in the last quarter. Innealta Capital LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter worth about $31,000. nVerses Capital LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $182.40 on Friday. The company has a market cap of $18.39 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The stock’s fifty day moving average price is $176.81 and its 200-day moving average price is $168.84.

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

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.94%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Analyst Upgrades and Downgrades

JBHT has been the topic of several recent research reports. TD Cowen upped their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Loop Capital raised their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a report on Thursday, October 17th. BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Bank of America increased their price objective on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Barclays lifted their target price on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.11.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the sale, the senior vice president now owns 8,235 shares in the company, valued at $1,563,579.45. This represents a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction dated 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 in the company, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,314 shares of company stock worth $1,008,962. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.