J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, May 10th will be paid 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 1.06%. The ex-dividend date is Thursday, May 9th.
J.B. Hunt Transport Services has raised its dividend payment by an average of 15.9% annually over the last three years and has increased its dividend every year for the last 21 years. J.B. Hunt Transport Services has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect J.B. Hunt Transport Services to earn $8.72 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 19.7%.
J.B. Hunt Transport Services Stock Performance
NASDAQ JBHT traded down $1.73 during trading hours on Friday, hitting $162.01. 1,241,232 shares of the company’s stock traded hands, compared to its average volume of 997,345. J.B. Hunt Transport Services has a 52 week low of $160.07 and a 52 week high of $219.51. The firm has a market capitalization of $16.74 billion, a P/E ratio of 25.72, a P/E/G ratio of 2.15 and a beta of 1.11. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average price is $192.83 and its two-hundred day moving average price is $192.05.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on JBHT
Insider Buying and Selling at J.B. Hunt Transport Services
In other news, SVP Kevin Bracy sold 754 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the sale, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the sale, the insider now owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Kevin Bracy sold 754 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The disclosure for this sale can be found here. Insiders sold 15,454 shares of company stock valued at $3,283,219 in the last 90 days. Insiders own 2.10% of the company’s stock.
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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