Westfield Capital Management Co. LP Acquires 16,912 Shares of 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 - Free Report) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 473,735 shares of the transportation company's stock after buying an additional 16,912 shares during the period. Westfield Capital Management Co. LP owned about 0.47% of J.B. Hunt Transport Services worth $81,639,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC raised its position in J.B. Hunt Transport Services by 6.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company's stock worth $269,611,000 after buying an additional 105,500 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in J.B. Hunt Transport Services by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company's stock worth $231,416,000 after purchasing an additional 5,179 shares during the period. Dimensional Fund Advisors LP raised its stake 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 valued at $152,589,000 after buying an additional 193,684 shares during the last quarter. Parnassus Investments LLC lifted its holdings in shares of J.B. Hunt Transport Services by 14.1% during the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company's stock valued at $129,765,000 after buying an additional 93,213 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of J.B. Hunt Transport Services by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company's stock worth $95,419,000 after buying an additional 12,040 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JBHT. Citigroup raised their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. The Goldman Sachs Group reduced their target price on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. TD Cowen lifted their price target on shares of 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. Susquehanna upped their price objective on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus raised their target price on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.11.

Insiders Place Their Bets

In related news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares of the company's stock, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now 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. Insiders have sold 5,314 shares of company stock valued at $1,008,962 over the last ninety days. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Price Performance

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 company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $18.39 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The firm's 50 day moving average price is $176.81 and its 200 day moving average price is $168.85.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data 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 in the prior year, the firm earned $1.80 EPS. As a group, equities 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 business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.43 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.94%. J.B. Hunt Transport Services's dividend payout ratio is currently 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.