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

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%per year over the last three years and has increased its dividend every year for the last 27 years. C.H. Robinson Worldwide has a 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 Price Performance

NASDAQ:CHRW traded up $3.47 during trading hours on Friday, reaching $200.91. 352,326 shares of the company traded hands, compared to its average volume of 2,139,803. C.H. Robinson Worldwide has a 1-year low of $84.68 and a 1-year high of $202.79. The firm’s 50-day moving average is $169.94 and its 200-day moving average is $144.31. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.59. The stock has a market cap of $23.73 billion, a P/E ratio of 41.61, a P/E/G ratio of 2.09 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The company 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%. C.H. Robinson Worldwide’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. Equities research analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael John Short sold 2,390 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $161.91, for a total transaction of $386,964.90. Following the completion of the sale, the insider directly owned 55,158 shares of the company’s stock, valued at $8,930,631.78. The trade was a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael D. Castagnetto sold 2,849 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $194.20, for a total value of $553,275.80. Following the completion of the transaction, the insider directly 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,469 shares of company stock worth $1,155,491 over the last quarter. Corporate insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CHRW. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $576,000. PNC Financial Services Group Inc. raised its stake in shares of C.H. Robinson Worldwide by 5.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 18,192 shares of the transportation company’s stock valued at $2,925,000 after purchasing an additional 927 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of C.H. Robinson Worldwide by 10.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,429 shares of the transportation company’s stock valued at $1,837,000 after acquiring an additional 1,086 shares during the period. Armor Investment Advisors LLC bought a new position in C.H. Robinson Worldwide in the 4th quarter valued at $235,000. Finally, North Dakota State Investment Board bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $1,798,000. Institutional investors own 93.15% of the company’s stock.

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.