C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Plans $0.55 Quarterly Dividend

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Stockholders of record on Friday, September 2nd will be paid a dividend of 0.55 per share by the transportation company on Monday, October 3rd. This represents a $2.20 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, September 1st.

C.H. Robinson Worldwide has a dividend payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect C.H. Robinson Worldwide to earn $6.57 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 33.5%.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $109.74 on Friday. C.H. Robinson Worldwide has a fifty-two week low of $85.80 and a fifty-two week high of $115.99. The firm’s 50-day simple moving average is $102.95 and its 200 day simple moving average is $102.37. The company has a quick ratio of 1.49, a current ratio of 1.48 and a debt-to-equity ratio of 0.78. The stock has a market cap of $13.59 billion, a P/E ratio of 13.21, a P/E/G ratio of 1.46 and a beta of 0.75.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The transportation company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.79. C.H. Robinson Worldwide had a net margin of 4.15% and a return on equity of 53.97%. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $6.78 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Equities analysts expect that C.H. Robinson Worldwide will post 8.48 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CHRW shares. Stifel Nicolaus lifted their price objective on shares of C.H. Robinson Worldwide from $117.00 to $123.00 in a research note on Thursday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of C.H. Robinson Worldwide from $117.00 to $120.00 in a research report on Thursday, April 28th. Susquehanna Bancshares boosted their price target on shares of C.H. Robinson Worldwide from $95.00 to $107.00 in a research report on Thursday, April 28th. Citigroup boosted their price target on shares of C.H. Robinson Worldwide from $113.00 to $123.00 in a research report on Thursday, July 28th. Finally, Cowen boosted their price target on shares of C.H. Robinson Worldwide from $109.00 to $123.00 and gave the stock an “outperform” rating in a research report on Thursday, April 28th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus target price of $111.10.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, CFO Michael Paul Zechmeister sold 2,819 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $114.25, for a total transaction of $322,070.75. Following the transaction, the chief financial officer now owns 48,207 shares of the company’s stock, valued at approximately $5,507,649.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other C.H. Robinson Worldwide news, CEO Robert C. Biesterfeld, Jr. sold 4,286 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $109.00, for a total transaction of $467,174.00. Following the transaction, the chief executive officer now owns 181,610 shares of the company’s stock, valued at approximately $19,795,490. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Paul Zechmeister sold 2,819 shares of the business’s stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $114.25, for a total value of $322,070.75. Following the completion of the sale, the chief financial officer now directly owns 48,207 shares of the company’s stock, valued at approximately $5,507,649.75. The disclosure for this sale can be found here. Insiders have sold a total of 38,208 shares of company stock valued at $4,255,269 in the last 90 days. 1.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several large investors have recently made changes to their positions in CHRW. Eaton Vance Management grew its stake in shares of C.H. Robinson Worldwide by 27.0% in the 1st quarter. Eaton Vance Management now owns 1,328,146 shares of the transportation company’s stock valued at $143,054,000 after buying an additional 282,532 shares in the last quarter. Invesco Ltd. grew its stake in shares of C.H. Robinson Worldwide by 6.5% in the 1st quarter. Invesco Ltd. now owns 1,367,124 shares of the transportation company’s stock valued at $147,252,000 after buying an additional 83,250 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $5,709,000. Renaissance Technologies LLC grew its stake in shares of C.H. Robinson Worldwide by 2,036.3% in the 1st quarter. Renaissance Technologies LLC now owns 53,408 shares of the transportation company’s stock valued at $5,753,000 after buying an additional 50,908 shares in the last quarter. Finally, Beacon Pointe Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 457.0% in the 1st quarter. Beacon Pointe Advisors LLC now owns 60,653 shares of the transportation company’s stock valued at $6,533,000 after buying an additional 49,763 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

See Also

Dividend History for C.H. Robinson Worldwide (NASDAQ:CHRW)

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