J B Hunt Transport Services Inc (NASDAQ:JBHT) announced a quarterly dividend on Thursday, July 18th, RTT News reports. Stockholders of record on Friday, August 2nd will be paid a dividend of 0.26 per share by the transportation company on Friday, August 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, August 1st.
J B Hunt Transport Services has raised its dividend by an average of 4.6% per year over the last three years and has raised its dividend every year for the last 15 years. J B Hunt Transport Services has a dividend payout ratio of 19.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect J B Hunt Transport Services to earn $6.12 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 17.0%.
Shares of J B Hunt Transport Services stock opened at $102.64 on Wednesday. The company has a 50-day simple moving average of $93.78. The company has a market capitalization of $11.19 billion, a PE ratio of 18.10, a PEG ratio of 1.24 and a beta of 1.11. J B Hunt Transport Services has a 52-week low of $83.64 and a 52-week high of $127.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.44 and a current ratio of 1.30.
JBHT has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on Merck & Co., Inc. in a research note on Thursday, July 11th. They issued a “buy” rating and a $95.00 price target for the company. Barclays dropped their price target on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a research note on Thursday, April 4th. BidaskClub downgraded Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Loop Capital dropped their price target on J B Hunt Transport Services to $133.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Finally, ValuEngine downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $107.13.
In other news, Director Gary Charles George purchased 5,000 shares of J B Hunt Transport Services stock in a transaction dated Friday, May 3rd. The shares were bought at an average cost of $94.52 per share, for a total transaction of $472,600.00. Following the completion of the acquisition, the director now owns 43,369 shares in the company, valued at approximately $4,099,237.88. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John N. Roberts purchased 2,319 shares of J B Hunt Transport Services stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of $86.23 per share, for a total transaction of $199,967.37. Following the completion of the acquisition, the insider now owns 288,739 shares of the company’s stock, valued at approximately $24,897,963.97. The disclosure for this purchase can be found here. In the last three months, insiders have sold 19,341 shares of company stock valued at $1,976,203. Insiders own 3.60% of the company’s stock.
J B Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).
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