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

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Friday, November 8th will be paid a dividend of 0.43 per share by the transportation company on Friday, November 22nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, November 8th.

J.B. Hunt Transport Services has raised its dividend payment by an average of 15.9% annually over the last three years and has increased its dividend annually for the last 21 consecutive years. J.B. Hunt Transport Services has a payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect J.B. Hunt Transport Services to earn $7.53 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 22.8%.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $176.87 on Friday. The stock has a market cap of $18.25 billion, a P/E ratio of 28.07, a P/E/G ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51. The stock has a 50 day moving average of $170.75 and a two-hundred day moving average of $167.69. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. On average, research analysts forecast that J.B. Hunt Transport Services will post 5.6 earnings per share for the current year.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on JBHT shares. TD Cowen upped their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Stifel Nicolaus lifted their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday. Bank of America boosted their target price on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $187.56.

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.