C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders of record on Friday, March 7th will be paid 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 dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, March 7th.
C.H. Robinson Worldwide has increased its dividend payment by an average of 5.8% per year over the last three years and has increased its dividend every year for the last 19 years. C.H. Robinson Worldwide has a dividend payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance
Shares of CHRW stock traded up $0.40 during trading hours on Tuesday, reaching $99.74. The company's stock had a trading volume of 1,094,684 shares, compared to its average volume of 1,156,770. The firm's 50 day simple moving average is $104.54 and its 200-day simple moving average is $104.38. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.12 and a beta of 0.82. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.
C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Sell-side analysts forecast that C.H. Robinson Worldwide will post 4.82 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on CHRW shares. Benchmark reissued a "buy" rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. The Goldman Sachs Group raised their price objective on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Raymond James cut their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Finally, Wells Fargo & Company raised C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $118.00 to $130.00 in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Hold" and a consensus price target of $117.17.
Get Our Latest Stock Analysis on CHRW
Insider Transactions at C.H. Robinson Worldwide
In other news, insider Michael D. Castagnetto sold 2,032 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.47% of the company's stock.
About C.H. Robinson Worldwide
(
Get Free Report)
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.
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