Westfield Capital Management Co. LP Boosts Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Westfield Capital Management Co. LP lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 473,735 shares of the transportation company’s stock after buying an additional 16,912 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.47% of J.B. Hunt Transport Services worth $81,639,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter worth approximately $26,000. Versant Capital Management Inc raised its position in shares of J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after buying an additional 149 shares in the last quarter. Innealta Capital LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at $31,000. nVerses Capital LLC purchased a new position in J.B. Hunt Transport Services during the second quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $36,000. 74.95% of the stock is currently owned by institutional investors.

Insider Transactions at J.B. Hunt Transport Services

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

Analysts Set New Price Targets

JBHT has been the subject of a number of research analyst reports. TD Cowen lifted their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Evercore ISI lifted their target price on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Stephens reissued an “overweight” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Loop Capital upped their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average target price of $190.11.

J.B. Hunt Transport Services Price Performance

JBHT opened at $182.40 on Friday. 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 50 day simple moving average is $176.81 and its 200 day simple moving average is $168.84. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.89 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued 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 net margin of 4.65% and a return on equity of 13.92%. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter last year, the business earned $1.80 earnings per share. As a group, analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.27%.

J.B. Hunt Transport Services 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.