Massachusetts Financial Services Co. MA Has $2.37 Million Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Massachusetts Financial Services Co. MA cut its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,579 shares of the transportation company’s stock after selling 129 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in J.B. Hunt Transport Services were worth $2,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley increased its position in shares of J.B. Hunt Transport Services by 269.1% during the fourth quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock valued at $413,514,000 after acquiring an additional 1,728,989 shares during the last quarter. Norges Bank purchased a new stake in J.B. Hunt Transport Services in the fourth quarter worth $144,189,000. Durable Capital Partners LP increased its position in J.B. Hunt Transport Services by 27.3% in the second quarter. Durable Capital Partners LP now owns 2,662,285 shares of the transportation company’s stock worth $481,953,000 after buying an additional 570,831 shares during the last quarter. BlackRock Inc. increased its position in J.B. Hunt Transport Services by 6.8% in the first quarter. BlackRock Inc. now owns 6,714,693 shares of the transportation company’s stock worth $1,178,160,000 after buying an additional 429,256 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in J.B. Hunt Transport Services in the first quarter worth $63,103,000. 73.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $188.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 19th. Barclays raised their price target on J.B. Hunt Transport Services from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Morgan Stanley cut their price target on J.B. Hunt Transport Services from $169.00 to $165.00 and set an “equal weight” rating for the company in a report on Wednesday, October 18th. Finally, StockNews.com raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.37.

View Our Latest Analysis on J.B. Hunt Transport Services

J.B. Hunt Transport Services Trading Up 1.0 %

NASDAQ JBHT opened at $215.58 on Monday. The stock’s 50-day simple moving average is $198.87 and its two-hundred day simple moving average is $191.24. J.B. Hunt Transport Services, Inc. has a twelve month low of $163.66 and a twelve month high of $215.90. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $22.24 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 1.84 and a beta of 1.12.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last released its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the previous year, the business earned $1.92 EPS. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.8 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be given a dividend of $0.43 per share. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.80%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 24.68%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 1,527 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $184.77, for a total transaction of $282,143.79. Following the sale, the executive vice president now owns 4,522 shares in the company, valued at $835,529.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Spencer Frazier sold 1,527 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $184.77, for a total value of $282,143.79. Following the transaction, the executive vice president now owns 4,522 shares in the company, valued at $835,529.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Shelley Simpson sold 5,350 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $188.50, for a total value of $1,008,475.00. Following the completion of the transaction, the president now owns 82,964 shares in the company, valued at approximately $15,638,714. The disclosure for this sale can be found here. Insiders have sold 11,855 shares of company stock worth $2,317,087 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

J.B. Hunt Transport Services Company Profile

(Free Report)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.

Further Reading

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

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