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

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders 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 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 9th.

J.B. Hunt Transport Services has raised its dividend payment by an average of 15.9% per year 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 20.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect J.B. Hunt Transport Services to earn $8.64 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 19.9%.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $166.55 on Tuesday. The stock has a 50-day simple moving average of $187.59 and a 200-day simple moving average of $190.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $17.19 billion, a PE ratio of 26.44, a PEG ratio of 2.23 and a beta of 1.17. J.B. Hunt Transport Services has a 1 year low of $160.07 and a 1 year high of $219.51.

Analyst Ratings Changes

Several brokerages have recently issued reports on JBHT. Raymond James lifted their price objective on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. TD Cowen decreased their price objective on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. BMO Capital Markets decreased their target price on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. UBS Group decreased their target price on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, Robert W. Baird decreased their target price on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $194.24.

Insider Activity

In other news, CFO John Kuhlow sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total value of $745,500.00. Following the transaction, the chief financial officer now owns 10,537 shares of the company’s stock, valued at $2,244,381. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $1,014,950. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO John Kuhlow sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $213.00, for a total value of $745,500.00. Following the completion of the transaction, the chief financial officer now directly owns 10,537 shares in the company, valued at approximately $2,244,381. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,454 shares of company stock valued at $3,283,219. Company insiders own 2.10% of the company’s stock.

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.