C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) declared a quarterly dividend on Thursday, May 5th, Zacks reports. Shareholders of record on Friday, June 3rd will be paid a dividend of 0.55 per share by the transportation company on Friday, July 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, June 2nd.
C.H. Robinson Worldwide has raised its dividend payment by an average of 3.4% per year over the last three years and has increased its dividend every year for the last 1 years. C.H. Robinson Worldwide has a payout ratio of 35.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect C.H. Robinson Worldwide to earn $6.06 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 36.3%.
Shares of NASDAQ:CHRW opened at $106.97 on Friday. The company’s 50 day moving average price is $104.29 and its two-hundred day moving average price is $100.94. C.H. Robinson Worldwide has a 12-month low of $84.67 and a 12-month high of $112.15. The firm has a market cap of $13.61 billion, a PE ratio of 15.11, a PEG ratio of 1.71 and a beta of 0.73. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.76.
A number of research analysts have issued reports on CHRW shares. Wolfe Research increased their target price on shares of C.H. Robinson Worldwide from $109.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 5th. UBS Group downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating in a report on Thursday, February 3rd. Susquehanna Bancshares upped their price target on shares of C.H. Robinson Worldwide from $95.00 to $107.00 in a report on Thursday, April 28th. Loop Capital cut their price target on shares of C.H. Robinson Worldwide from $101.00 to $98.00 in a report on Friday, February 4th. Finally, Stephens upped their price target on shares of C.H. Robinson Worldwide from $110.00 to $115.00 in a report on Friday, April 1st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $108.91.
In other news, insider Angela K. Freeman sold 28,054 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $110.03, for a total transaction of $3,086,781.62. Following the completion of the transaction, the insider now owns 54,520 shares of the company’s stock, valued at $5,998,835.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.64% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in CHRW. EverSource Wealth Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $73,000. Renaissance Technologies LLC acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $269,000. Canada Pension Plan Investment Board increased its position in shares of C.H. Robinson Worldwide by 39.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,359 shares of the transportation company’s stock worth $254,000 after buying an additional 662 shares during the period. MML Investors Services LLC acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $353,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $452,000. 93.48% of the stock is owned by hedge funds and other institutional investors.
C.H. Robinson Worldwide Company Profile (Get Rating)
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.
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