C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Declares Quarterly Dividend of $0.62

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) announced a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Shareholders of record on Friday, March 7th will be given a dividend of 0.62 per share by the transportation company on Tuesday, April 1st. This represents a $2.48 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, March 7th.

C.H. Robinson Worldwide has raised its dividend payment by an average of 5.8% annually over the last three years and has raised its dividend annually for the last 19 consecutive years. C.H. Robinson Worldwide has a payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect C.H. Robinson Worldwide to earn $5.64 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 44.0%.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW traded down $0.23 during trading hours on Friday, reaching $96.41. 683,683 shares of the stock traded hands, compared to its average volume of 1,136,301. The company has a market cap of $11.40 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82. The stock has a 50 day simple moving average of $104.85 and a two-hundred day simple moving average of $104.07. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. On average, analysts predict that C.H. Robinson Worldwide will post 4.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. TD Cowen lifted their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. The Goldman Sachs Group upped their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Bank of America decreased their price objective on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $117.17.

Insider Activity

In related news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

About C.H. Robinson Worldwide

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.