Westfield Capital Management Co. LP Has $39.83 Million Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Westfield Capital Management Co. LP decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 296,843 shares of the transportation company’s stock after selling 16,106 shares during the quarter. Westfield Capital Management Co. LP’s holdings in J.B. Hunt Transport Services were worth $39,827,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC raised its stake in J.B. Hunt Transport Services by 10.1% in the 3rd quarter. Intech Investment Management LLC now owns 4,284 shares of the transportation company’s stock valued at $575,000 after acquiring an additional 392 shares during the period. Waddell & Associates LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter valued at about $441,000. Mufg Securities Americas Inc. raised its position in shares of J.B. Hunt Transport Services by 18.8% in the third quarter. Mufg Securities Americas Inc. now owns 2,063 shares of the transportation company’s stock valued at $277,000 after purchasing an additional 326 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of J.B. Hunt Transport Services by 49.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,841 shares of the transportation company’s stock worth $515,000 after buying an additional 1,268 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 357.9% during the 3rd quarter. Clearstead Advisors LLC now owns 2,894 shares of the transportation company’s stock worth $388,000 after buying an additional 2,262 shares during the period. 74.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JBHT shares. Citigroup cut shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and increased their price target for the company from $175.00 to $221.00 in a report on Wednesday, January 7th. Stifel Nicolaus set a $201.00 target price on J.B. Hunt Transport Services in a research note on Friday, January 16th. JPMorgan Chase & Co. lifted their price target on J.B. Hunt Transport Services from $176.00 to $211.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. UBS Group upped their price objective on J.B. Hunt Transport Services from $174.00 to $196.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Finally, Wells Fargo & Company increased their price objective on J.B. Hunt Transport Services from $170.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $203.00.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $228.22 on Friday. The stock has a fifty day moving average price of $210.66 and a 200-day moving average price of $175.75. The company has a market cap of $21.59 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 1.78 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.83. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $234.82.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.10 billion. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.J.B. Hunt Transport Services’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $1.53 earnings per share. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 annualized dividend and a yield of 0.8%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. J.B. Hunt Transport Services’s payout ratio is 29.32%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs sold 3,038 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $201.97, for a total transaction of $613,584.86. Following the completion of the sale, the chief operating officer directly owned 90,318 shares in the company, valued at $18,241,526.46. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John Kuhlow sold 3,225 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $179.76, for a total value of $579,726.00. Following the completion of the sale, the chief accounting officer directly owned 13,095 shares in the company, valued at approximately $2,353,957.20. This represents a 19.76% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 32,316 shares of company stock worth $6,727,749. 2.30% of the stock is owned by company insiders.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.