J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) declared a quarterly dividend on Thursday, October 19th, RTT News reports. Investors of record on Friday, November 3rd will be paid a dividend of 0.23 per share by the transportation company on Friday, November 17th. This represents a $0.92 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Thursday, November 2nd.
J.B. Hunt Transport Services has raised its dividend by an average of 25.1% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. J.B. Hunt Transport Services has a payout ratio of 24.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect J.B. Hunt Transport Services to earn $4.43 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 20.8%.
J.B. Hunt Transport Services (NASDAQ:JBHT) opened at 106.39 on Wednesday. J.B. Hunt Transport Services has a 52 week low of $80.12 and a 52 week high of $111.98. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 28.36 and a beta of 0.97. The company has a 50-day moving average of $105.69 and a 200-day moving average of $94.84.
J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a return on equity of 28.90% and a net margin of 6.05%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Analysts anticipate that J.B. Hunt Transport Services will post $3.72 earnings per share for the current year.
Several research analysts have weighed in on the stock. Cowen and Company restated a “buy” rating and set a $102.00 target price on shares of J.B. Hunt Transport Services in a research report on Sunday, October 1st. Barclays PLC upped their target price on shares of J.B. Hunt Transport Services from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. Stifel Nicolaus upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and upped their target price for the stock from $91.00 to $125.00 in a research report on Friday, September 29th. Loop Capital restated a “buy” rating and set a $116.00 target price (up from $103.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 4th. Finally, Robert W. Baird restated a “hold” rating and set a $112.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, October 6th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $109.41.
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In related news, CFO David G. Mee sold 10,767 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $91.29, for a total transaction of $982,919.43. Following the transaction, the chief financial officer now owns 109,500 shares of the company’s stock, valued at $9,996,255. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bradley W. Hicks sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $94.73, for a total transaction of $94,730.00. Following the transaction, the executive vice president now directly owns 18,690 shares in the company, valued at approximately $1,770,503.70. The disclosure for this sale can be found here. Insiders have sold 1,138,191 shares of company stock worth $112,637,365 in the last three months. Insiders own 4.30% of the company’s stock.
About J.B. Hunt Transport Services
J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.
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