C.H. Robinson Worldwide, Inc. (CHRW) To Go Ex-Dividend on September 4th

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) announced a quarterly dividend on Thursday, August 6th. Investors of record on Friday, September 4th will be given a dividend of 0.63 per share by the transportation company on Friday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, September 4th.

C.H. Robinson Worldwide has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 27 consecutive years. C.H. Robinson Worldwide has a dividend payout ratio of 46.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect C.H. Robinson Worldwide to earn $7.34 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 34.3%.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $147.88 on Wednesday. C.H. Robinson Worldwide has a 12-month low of $123.64 and a 12-month high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94. The firm’s fifty day moving average price is $170.36 and its 200 day moving average price is $174.62.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm earned $1.29 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. On average, research analysts forecast that C.H. Robinson Worldwide will post 6.18 EPS for the current fiscal year.

Analysts Set New Price Targets

CHRW has been the subject of a number of recent analyst reports. Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 22nd. Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Sanford C. Bernstein dropped their price target on shares of C.H. Robinson Worldwide from $153.00 to $151.00 and set a “market perform” rating for the company in a research note on Tuesday, August 11th. Finally, Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $197.00.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.