J.B. Hunt Transport Services, Inc. (JBHT) To Go Ex-Dividend on May 9th

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 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 9th.

J.B. Hunt Transport Services has raised its dividend 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 dividend payout ratio of 20.4% indicating that 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

Shares of NASDAQ JBHT traded down $1.73 during mid-day trading on Friday, reaching $162.01. 1,241,232 shares of the company were exchanged, compared to its average volume of 997,345. J.B. Hunt Transport Services has a 52 week low of $160.07 and a 52 week 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. The stock has a market capitalization of $16.74 billion, a PE ratio of 25.72, a PEG ratio of 2.15 and a beta of 1.11. The company’s 50 day moving average price is $192.83 and its 200 day moving average price is $192.05.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JBHT shares. TD Cowen decreased their target price 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. JPMorgan Chase & Co. decreased 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. Raymond James lifted their target price on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Evercore ISI decreased their target price on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Finally, Loop Capital decreased their target price on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, six have issued 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 a consensus rating of “Moderate Buy” and a consensus price target of $194.24.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee sold 3,800 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $212.56, for a total transaction of $807,728.00. Following the transaction, the executive vice president now owns 464 shares in the company, valued at $98,627.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Eric Mcgee sold 3,800 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $212.56, for a total transaction of $807,728.00. Following the sale, the executive vice president now owns 464 shares of the company’s stock, valued at $98,627.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 42,411 shares in the company, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. Insiders have sold 15,454 shares of company stock worth $3,283,219 over the last 90 days. 2.10% of the stock is owned by company insiders.

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.