Demars Financial Group LLC Sells 81,182 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Demars Financial Group LLC decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 13.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 528,877 shares of the transportation company's stock after selling 81,182 shares during the quarter. Demars Financial Group LLC owned approximately 0.53% of J.B. Hunt Transport Services worth $78,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. National Pension Service acquired a new position in shares of J.B. Hunt Transport Services during the fourth quarter worth approximately $30,000. BankPlus Trust Department bought a new position in J.B. Hunt Transport Services in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC lifted its holdings in J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after buying an additional 134 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after buying an additional 86 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in J.B. Hunt Transport Services by 140.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock valued at $62,000 after buying an additional 212 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Transactions at J.B. Hunt Transport Services

In other news, COO Nicholas Hobbs purchased 1,529 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were bought at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the acquisition, the chief operating officer now directly owns 91,847 shares in the company, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on JBHT shares. Sanford C. Bernstein set a $148.00 target price on J.B. Hunt Transport Services and gave the stock a "market perform" rating in a research report on Wednesday, April 16th. UBS Group lowered their price objective on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price objective on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They set a "hold" rating and a $167.00 target price on the stock. Finally, Barclays lowered their price target on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $161.90.

J.B. Hunt Transport Services Trading Down 0.1%

NASDAQ:JBHT traded down $0.08 on Thursday, reaching $139.01. The company's stock had a trading volume of 1,295,184 shares, compared to its average volume of 998,523. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40. The business's 50-day moving average price is $137.30 and its two-hundred day moving average price is $155.68. The firm has a market cap of $13.79 billion, a PE ratio of 25.23, a PEG ratio of 1.88 and a beta of 1.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.07% and a net margin of 4.65%. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

About J.B. Hunt Transport Services

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.