C.H. Robinson Worldwide, Inc. (CHRW) to Issue Quarterly Dividend of $0.62 on October 1st

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Shareholders of record on Friday, September 6th will be given a dividend of 0.62 per share by the transportation company on Tuesday, October 1st. This represents a $2.48 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Friday, September 6th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61.

C.H. Robinson Worldwide has increased its dividend 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 53.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect C.H. Robinson Worldwide to earn $4.62 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 53.7%.

C.H. Robinson Worldwide Stock Up 0.1 %

CHRW opened at $103.61 on Wednesday. The company has a market cap of $12.15 billion, a PE ratio of 40.95, a P/E/G ratio of 2.09 and a beta of 0.80. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average price of $94.04 and a two-hundred day moving average price of $83.44. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $105.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, research analysts anticipate that C.H. Robinson Worldwide will post 4.13 EPS for the current year.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Evercore ISI raised C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $82.00 to $99.00 in a research note on Tuesday, June 25th. Benchmark increased their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. StockNews.com raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Finally, Susquehanna lifted their price objective on C.H. Robinson Worldwide from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.67.

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.