J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shareholders to Collect $0.45 Quarterly Dividend

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 6th will be paid a dividend of $0.45 per share by the transportation company on Friday, November 20th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, November 6th.

J.B. Hunt Transport Services has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 22 consecutive years. J.B. Hunt Transport Services has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect J.B. Hunt Transport Services to earn $9.68 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 18.6%.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT traded up $3.01 during trading hours on Thursday, reaching $231.60. 119,562 shares of the company’s stock were exchanged, compared to its average volume of 1,009,640. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $21.75 billion, a price-to-earnings ratio of 32.53, a P/E/G ratio of 1.88 and a beta of 1.31. J.B. Hunt Transport Services has a 1-year low of $157.82 and a 1-year high of $299.76. The company has a 50-day moving average of $249.12 and a 200 day moving average of $259.71.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, October 15th. The transportation company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.01. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the prior year, the company earned $1.76 earnings per share. The business’s revenue was up 20.4% compared to the same quarter last year. Research analysts anticipate that J.B. Hunt Transport Services will post 7.23 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $1,833,602,000. Bank of America Corp DE raised its position in shares of J.B. Hunt Transport Services by 2.4% during the 1st quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock worth $96,332,000 after purchasing an additional 10,664 shares during the last quarter. Junto Capital Management LP raised its position in shares of J.B. Hunt Transport Services by 9.3% during the 2nd quarter. Junto Capital Management LP now owns 426,492 shares of the transportation company’s stock worth $123,440,000 after purchasing an additional 36,149 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in J.B. Hunt Transport Services in the 1st quarter valued at approximately $1,054,000. Finally, OP Asset Management Ltd purchased a new stake in J.B. Hunt Transport Services in the 1st quarter valued at approximately $1,681,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

The company’s principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.