Westfield Capital Management Co. LP cut its stake in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 22.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 812,178 shares of the transportation company’s stock after selling 235,482 shares during the period. Westfield Capital Management Co. LP’s holdings in J B Hunt Transport Services were worth $82,266,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc raised its stake in J B Hunt Transport Services by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 9,796,569 shares of the transportation company’s stock valued at $1,165,205,000 after buying an additional 94,410 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of J B Hunt Transport Services by 24.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,538 shares of the transportation company’s stock worth $422,000 after purchasing an additional 888 shares in the last quarter. KBC Group NV increased its stake in shares of J B Hunt Transport Services by 15.9% in the 4th quarter. KBC Group NV now owns 7,288 shares of the transportation company’s stock worth $678,000 after purchasing an additional 1,000 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of J B Hunt Transport Services by 7.7% in the 4th quarter. LS Investment Advisors LLC now owns 3,912 shares of the transportation company’s stock worth $364,000 after purchasing an additional 279 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of J B Hunt Transport Services by 72.6% in the 4th quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock worth $28,000 after purchasing an additional 127 shares in the last quarter. 73.01% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider John N. Roberts acquired 2,319 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of $86.23 per share, with a total value of $199,967.37. Following the acquisition, the insider now directly owns 288,739 shares of the company’s stock, valued at $24,897,963.97. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary Charles George acquired 5,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $94.52 per share, with a total value of $472,600.00. Following the acquisition, the director now directly owns 43,369 shares in the company, valued at $4,099,237.88. The disclosure for this purchase can be found here. 3.60% of the stock is owned by corporate insiders.

Several research firms have recently commented on JBHT. BidaskClub upgraded J B Hunt Transport Services from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 20th. Deutsche Bank set a $125.00 price objective on J B Hunt Transport Services and gave the stock a “buy” rating in a research note on Thursday, February 14th. Stifel Nicolaus dropped their target price on shares of J B Hunt Transport Services from $115.00 to $107.00 and set a “hold” rating for the company in a report on Tuesday, April 16th. Barclays dropped their target price on shares of J B Hunt Transport Services from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Thursday, April 4th. Finally, Buckingham Research dropped their target price on shares of J B Hunt Transport Services from $132.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $114.39.

J B Hunt Transport Services stock traded up $1.01 during mid-day trading on Thursday, hitting $89.72. The stock had a trading volume of 7,841 shares, compared to its average volume of 1,101,359. The company has a market capitalization of $9.56 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.03 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.44. J B Hunt Transport Services Inc has a one year low of $83.64 and a one year high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.16). The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.17 billion. J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 EPS. Analysts forecast that J B Hunt Transport Services Inc will post 5.7 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Thursday, May 2nd. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 18.34%.

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About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

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