C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Announces $0.63 Quarterly Dividend

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) declared a quarterly dividend on Thursday, February 5th. Shareholders of record on Friday, March 6th will be paid a dividend of 0.63 per share by the transportation company on Thursday, April 2nd. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, March 6th.

C.H. Robinson Worldwide has increased its dividend payment by an average of 0.0%annually 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% meaning its dividend is sufficiently covered by earnings. 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 $2.52 annual dividend with an expected future payout ratio of 45.1%.

C.H. Robinson Worldwide Stock Up 0.8%

Shares of NASDAQ CHRW opened at $199.09 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59. C.H. Robinson Worldwide has a 12-month low of $84.68 and a 12-month high of $202.79. The company has a market cap of $23.52 billion, a P/E ratio of 41.16, a P/E/G ratio of 2.09 and a beta of 0.90. The stock has a fifty day moving average price of $169.94 and a 200 day moving average price of $144.31.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.11. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 EPS. Research analysts anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,849 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $194.20, for a total transaction of $553,275.80. Following the sale, the insider owned 28,149 shares of the company’s stock, valued at approximately $5,466,535.80. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael John Short sold 1,230 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $175.00, for a total value of $215,250.00. Following the completion of the transaction, the insider directly owned 53,928 shares of the company’s stock, valued at $9,437,400. This trade represents a 2.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 6,469 shares of company stock worth $1,155,491. Corporate insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the stock. Transcend Capital Advisors LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $460,000. New York State Teachers Retirement System raised its holdings in shares of C.H. Robinson Worldwide by 12.8% during the 2nd quarter. New York State Teachers Retirement System now owns 100,735 shares of the transportation company’s stock valued at $9,666,000 after purchasing an additional 11,443 shares in the last quarter. Norges Bank acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter worth about $118,976,000. TD Waterhouse Canada Inc. lifted its holdings in C.H. Robinson Worldwide by 8,726.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock worth $2,341,000 after purchasing an additional 17,452 shares during the last quarter. Finally, Brighton Jones LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth $1,335,000. 93.15% of the stock is currently owned by institutional investors.

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.