Massachusetts Financial Services Co. MA Sells 32,252 Shares of 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) by 2.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,397,140 shares of the transportation company’s stock after selling 32,252 shares during the period. Massachusetts Financial Services Co. MA’s holdings in J.B. Hunt Transport Services were worth $238,436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Arvest Bank Trust Division acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $1,578,000. Smartleaf Asset Management LLC boosted its position in J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 86 shares during the last quarter. State Street Corp grew its stake in J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after purchasing an additional 19,826 shares in the last quarter. Abound Wealth Management raised its stake in shares of J.B. Hunt Transport Services by 145,850.0% during the 4th quarter. Abound Wealth Management now owns 2,919 shares of the transportation company’s stock worth $498,000 after purchasing an additional 2,917 shares in the last quarter. Finally, Keybank National Association OH bought a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $255,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares in the company, valued at $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $136.23 on Friday. The stock has a market cap of $13.62 billion, a PE ratio of 24.50, a P/E/G ratio of 1.61 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 12-month low of $135.42 and a 12-month high of $200.40. The business’s 50-day moving average price is $160.17 and its two-hundred day moving average price is $171.45.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 EPS. As a group, analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.44 dividend. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.29%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.65%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Raymond James dropped their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Stephens reaffirmed an “overweight” rating and issued a $205.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. UBS Group cut their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a report on Friday, January 17th. Finally, Susquehanna downgraded J.B. Hunt Transport Services from a “positive” rating to a “neutral” rating and reduced their price target for the company from $200.00 to $165.00 in a research note on Wednesday, March 26th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.55.

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.