C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Announces Dividend Increase – $0.63 Per Share

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Friday, December 5th will be given a dividend of 0.63 per share by the transportation company on Monday, January 5th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, December 5th. This is a 1.6% increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62.

C.H. Robinson Worldwide has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 27 years. C.H. Robinson Worldwide has a dividend payout ratio of 45.3% meaning its dividend is sufficiently covered by earnings. Analysts expect C.H. Robinson Worldwide to earn $5.59 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 44.4%.

C.H. Robinson Worldwide Stock Up 1.0%

Shares of CHRW stock traded up $1.49 during trading hours on Friday, hitting $149.72. 509,696 shares of the company were exchanged, compared to its average volume of 1,428,968. C.H. Robinson Worldwide has a 52 week low of $84.68 and a 52 week high of $158.70. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $132.96 and a two-hundred day moving average of $112.20. The company has a market capitalization of $17.69 billion, a PE ratio of 30.33, a PEG ratio of 1.79 and a beta of 0.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The company’s revenue was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. Analysts anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider owned 130,591 shares in the company, valued at $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the transaction, the insider owned 65,728 shares of the company’s stock, valued at $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 53,479 shares of company stock valued at $7,835,281 over the last 90 days. 1.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several large investors have recently modified their holdings of the stock. NEOS Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $292,000. GSA Capital Partners LLP acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $284,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of C.H. Robinson Worldwide by 0.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 38,705 shares of the transportation company’s stock worth $5,125,000 after acquiring an additional 309 shares during the period. PNC Financial Services Group Inc. grew its position in shares of C.H. Robinson Worldwide by 2.8% in the third quarter. PNC Financial Services Group Inc. now owns 17,265 shares of the transportation company’s stock valued at $2,286,000 after purchasing an additional 477 shares during the last quarter. Finally, Uniting Wealth Partners LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter worth approximately $3,325,000. 93.15% of the stock is owned by institutional investors.

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.