C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares to Pay Quarterly Dividend of $0.63

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) announced a quarterly dividend on Thursday, November 5th. Investors of record on Friday, December 4th will be given a dividend of $0.63 per share by the transportation company on Tuesday, January 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, December 4th.

C.H. Robinson Worldwide has a payout ratio of 46.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect C.H. Robinson Worldwide to earn $7.43 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 33.9%.

C.H. Robinson Worldwide Stock Down 4.1%

NASDAQ CHRW opened at $128.31 on Friday. C.H. Robinson Worldwide has a 12 month low of $122.21 and a 12 month high of $210.33. The company has a market capitalization of $14.88 billion, a P/E ratio of 23.04, a PEG ratio of 1.09 and a beta of 0.95. The company’s 50 day simple moving average is $144.17 and its 200 day simple moving average is $168.71. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.34 and a quick ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 28th. The transportation company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.05. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.92 billion. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period last year, the firm posted $1.40 earnings per share. Equities research analysts expect that C.H. Robinson Worldwide will post 6.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Raymond James Financial set a $163.00 price target on C.H. Robinson Worldwide in a report on Thursday, October 29th. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Stephens decreased their target price on C.H. Robinson Worldwide from $200.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Stifel Nicolaus cut their target price on C.H. Robinson Worldwide from $209.00 to $198.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Finally, Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.52.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.