J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Free Report) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Stockholders of record on Friday, November 8th will be given a dividend of 0.43 per share by the transportation company on Friday, November 22nd. This represents a $1.72 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, November 8th.
J.B. Hunt Transport Services has raised its dividend by an average of 15.9% annually over the last three years and has raised its dividend every year for the last 21 years. J.B. Hunt Transport Services has a dividend payout ratio of 23.9% indicating that its dividend is sufficiently covered by earnings. 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’s 50 day moving average price is $170.75 and its 200 day moving average price is $167.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $18.25 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51.
Insider Activity
In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on JBHT shares. JPMorgan Chase & Co. dropped their price objective on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Bank of America boosted their price objective on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday. Stifel Nicolaus boosted their price objective on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Barclays boosted their target price on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $187.56.
About J.B. Hunt Transport Services
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.
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