J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Announces Quarterly Dividend of $0.30

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) declared a quarterly dividend on Thursday, April 22nd, RTT News reports. Shareholders of record on Friday, May 7th will be given a dividend of 0.30 per share by the transportation company on Friday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.28.

J.B. Hunt Transport Services has raised its dividend by 17.4% over the last three years and has raised its dividend every year for the last 1 years.

Shares of JBHT stock opened at $169.59 on Friday. The business’s fifty day moving average is $164.55 and its 200 day moving average is $144.54. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 1.66 and a beta of 1.00. J.B. Hunt Transport Services has a twelve month low of $95.30 and a twelve month high of $178.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, April 14th. The transportation company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.14. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.51 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 21.07%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. Equities research analysts expect that J.B. Hunt Transport Services will post 4.57 earnings per share for the current fiscal year.

In other J.B. Hunt Transport Services news, Chairman James K. Thompson sold 5,000 shares of the company’s stock in a transaction on Monday, March 1st. The shares were sold at an average price of $150.87, for a total value of $754,350.00. Following the sale, the chairman now directly owns 35,038 shares of the company’s stock, valued at $5,286,183.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Earl Wayne Garrison sold 50,000 shares of the stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $159.91, for a total value of $7,995,500.00. Following the sale, the director now directly owns 1,291,603 shares in the company, valued at $206,540,235.73. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,500 shares of company stock valued at $8,970,035. 3.51% of the stock is currently owned by insiders.

JBHT has been the topic of a number of recent research reports. KeyCorp increased their target price on J.B. Hunt Transport Services from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 1st. BMO Capital Markets lifted their target price on shares of J.B. Hunt Transport Services from $149.00 to $160.00 and gave the company a “market perform” rating in a research note on Wednesday. Vertical Research assumed coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 26th. They set a “buy” rating for the company. Wells Fargo & Company raised their price objective on J.B. Hunt Transport Services from $174.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Raymond James boosted their price objective on J.B. Hunt Transport Services from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $159.19.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation and delivery services in North America. 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.

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Dividend History for J.B. Hunt Transport Services (NASDAQ:JBHT)

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