C.H. Robinson Worldwide, Inc. (CHRW) to Issue Quarterly Dividend of $0.62 on January 2nd

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.62 per share by the transportation company on Thursday, January 2nd. This represents a $2.48 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, December 6th.

C.H. Robinson Worldwide has raised its dividend payment by an average of 6.2% annually over the last three years and has increased its dividend every year for the last 27 years. C.H. Robinson Worldwide has a payout ratio of 51.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect C.H. Robinson Worldwide to earn $4.78 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 51.9%.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $107.60 on Wednesday. The stock has a market cap of $12.72 billion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 1.21 and a beta of 0.83. The stock has a 50-day moving average of $107.96 and a 200-day moving average of $98.26. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.12 by $0.16. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. As a group, sell-side analysts expect that C.H. Robinson Worldwide will post 4.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on CHRW shares. Citigroup cut C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 22nd. Evercore ISI boosted their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Barclays raised their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Finally, Susquehanna dropped their price target on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $107.63.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.18% of the stock is owned by company insiders.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.