By otakuyassine3@gmail.com 
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Free Report) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders of record on Friday, February 7th will be given a dividend of 0.44 per share by the transportation company on Friday, February 21st. This represents a $1.76 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43.
J.B. Hunt Transport Services has increased its dividend by an average of 13.4% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. J.B. Hunt Transport Services has a dividend payout ratio of 21.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect J.B. Hunt Transport Services to earn $8.16 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 21.6%.
J.B. Hunt Transport Services Stock Up 0.4 %
NASDAQ JBHT opened at $169.70 on Wednesday. The business has a fifty day moving average price of $176.61 and a 200 day moving average price of $174.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The company has a market cap of $17.11 billion, a P/E ratio of 30.52, a P/E/G ratio of 1.57 and a beta of 1.15. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the company earned $1.47 earnings per share. Research analysts anticipate that J.B. Hunt Transport Services will post 6.62 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Citigroup reduced their price objective on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. TD Cowen reduced their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Barclays boosted their price target on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Evercore ISI cut their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Susquehanna raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price target for the company in a research note on Friday, January 3rd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average price target of $191.11.
Get Our Latest Report on J.B. Hunt Transport Services
Insider Buying and Selling
In other news, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the sale, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,159 shares of company stock valued at $2,205,393 in the last three months. 2.10% of the stock is owned by corporate insiders.
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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