Massachusetts Financial Services Co. MA Has $246.33 Million Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Massachusetts Financial Services Co. MA cut its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,429,392 shares of the transportation company's stock after selling 16,959 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.42% of J.B. Hunt Transport Services worth $246,327,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JBHT. Jacobs Levy Equity Management Inc. grew its stake in shares of J.B. Hunt Transport Services by 2,722.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company's stock valued at $108,600,000 after buying an additional 525,729 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock worth $152,589,000 after acquiring an additional 193,684 shares in the last quarter. Mizuho Securities USA LLC grew its position in shares of J.B. Hunt Transport Services by 2,384.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company's stock worth $25,297,000 after acquiring an additional 149,815 shares in the last quarter. AQR Capital Management LLC increased its stake in J.B. Hunt Transport Services by 282.8% during the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company's stock valued at $27,740,000 after purchasing an additional 128,283 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC acquired a new stake in J.B. Hunt Transport Services during the second quarter worth about $19,755,000. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Buying and Selling

In related news, EVP Darren P. Field sold 1,500 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kevin Bracy sold 1,614 shares of the business's stock in a transaction on Thursday, November 7th. The shares were 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 in the company, valued at $1,563,579.45. This trade represents a 16.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,314 shares of company stock valued at $1,008,962. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Stock Up 0.5 %

Shares of NASDAQ:JBHT traded up $0.83 on Friday, reaching $182.40. The company had a trading volume of 687,026 shares, compared to its average volume of 990,002. The stock has a market capitalization of $18.39 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.89 and a beta of 1.14. The stock has a 50-day moving average price of $176.81 and a 200 day moving average price of $168.84. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.42 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same quarter last year, the company posted $1.80 earnings per share. On average, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on JBHT shares. Citigroup lifted their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Susquehanna increased their target price on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. The Goldman Sachs Group dropped their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. BMO Capital Markets reiterated an "outperform" rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Barclays upped their target price on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.11.

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.