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

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Investors 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 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 9th.

J.B. Hunt Transport Services has increased its dividend by an average of 15.9% per year over the last three years and has increased its dividend every year for the last 21 years. J.B. Hunt Transport Services has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Analysts expect J.B. Hunt Transport Services to earn $8.72 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 19.7%.

J.B. Hunt Transport Services Price Performance

JBHT traded down $1.73 during trading on Friday, reaching $162.01. The company’s stock had a trading volume of 1,241,232 shares, compared to its average volume of 997,345. The company has a market cap of $16.74 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 2.15 and a beta of 1.11. The firm has a fifty day simple moving average of $192.83 and a two-hundred day simple moving average of $192.05. J.B. Hunt Transport Services has a 1 year low of $160.07 and a 1 year high of $219.51. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.33.

Insider Activity

In related news, SVP Kevin Bracy sold 754 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total transaction of $159,689.66. Following the sale, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,744,090.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the completion of the transaction, the insider now owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,454 shares of company stock valued at $3,283,219. 2.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BMO Capital Markets cut their price target on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. JPMorgan Chase & Co. cut their target price on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. TD Cowen lowered their price target on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. Barclays dropped their price objective on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Finally, Robert W. Baird reduced their target price on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $194.24.

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.