J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) to Issue Quarterly Dividend of $0.43

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 10th will be given a dividend of 0.43 per share by the transportation company on Friday, May 24th. This represents a $1.72 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, May 9th.

J.B. Hunt Transport Services has increased its dividend payment by an average of 15.9% annually over the last three years and has raised its dividend annually for the last 21 consecutive years. J.B. Hunt Transport Services has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect J.B. Hunt Transport Services to earn $8.64 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 19.9%.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $168.11 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $186.80 and its two-hundred day simple moving average is $190.93. J.B. Hunt Transport Services has a 12 month low of $160.07 and a 12 month high of $219.51. The stock has a market capitalization of $17.35 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, CEO John N. Roberts bought 6,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, April 26th. The stock was bought at an average cost of $161.06 per share, with a total value of $998,572.00. Following the completion of the acquisition, the chief executive officer now directly owns 313,955 shares in the company, valued at approximately $50,565,592.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO John N. Roberts purchased 6,200 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average cost of $161.06 per share, with a total value of $998,572.00. Following the acquisition, the chief executive officer now owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Kuhlow sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $213.00, for a total transaction of $745,500.00. Following the sale, the chief financial officer now owns 10,537 shares of the company’s stock, valued at approximately $2,244,381. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,454 shares of company stock worth $3,283,219. 2.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays cut their target price on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. TD Cowen reduced their price objective on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. JPMorgan Chase & Co. dropped their target price on shares of J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. UBS Group reduced their price target on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, Stephens dropped their price objective on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $194.24.

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.