Massachusetts Financial Services Co. MA Sells 105,381 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Massachusetts Financial Services Co. MA decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 9.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,007,829 shares of the transportation company’s stock after selling 105,381 shares during the period. Massachusetts Financial Services Co. MA owned about 1.06% of J.B. Hunt Transport Services worth $135,220,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA boosted its stake in J.B. Hunt Transport Services by 57.8% during the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after buying an additional 74 shares in the last quarter. Cromwell Holdings LLC raised its stake in shares of J.B. Hunt Transport Services by 52.2% in the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after buying an additional 71 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $31,000. Assetmark Inc. boosted its position in shares of J.B. Hunt Transport Services by 418.6% during the 2nd quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 180 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in J.B. Hunt Transport Services in the second quarter valued at about $34,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

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

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 6,500 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the transaction, the executive vice president directly owned 12,976 shares in the company, valued at approximately $2,192,944. This represents a 33.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO John Kuhlow sold 3,225 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $179.76, for a total transaction of $579,726.00. Following the sale, the chief accounting officer owned 13,095 shares of the company’s stock, 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. Insiders have sold a total of 15,109 shares of company stock valued at $2,688,970 over the last ninety days. Company insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $203.50 on Wednesday. The business has a fifty day moving average of $189.67 and a 200-day moving average of $162.68. 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 twelve month low of $122.79 and a twelve month high of $209.53. The firm has a market cap of $19.38 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the company posted $1.53 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services declared that its board has authorized a share buyback plan on Wednesday, October 22nd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of J.B. Hunt Transport Services in a research note on Monday, December 29th. Citigroup downgraded J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and raised their target price for the stock from $175.00 to $221.00 in a research report on Wednesday, January 7th. Morgan Stanley upped their price target on J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. Cowen reiterated a “hold” rating on shares of J.B. Hunt Transport Services in a research note on Monday, January 12th. Finally, The Goldman Sachs Group boosted their target price on shares of J.B. Hunt Transport Services from $169.00 to $187.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $200.05.

J.B. Hunt Transport Services Profile

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.