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.
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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