C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives Average Rating of “Moderate Buy” from Brokerages

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned a consensus rating of “Moderate Buy” from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $114.71.

CHRW has been the topic of several analyst reports. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Citigroup upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 13th. Susquehanna upgraded C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and raised their price objective for the company from $115.00 to $130.00 in a research note on Friday, January 3rd. The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus raised their price target on shares of C.H. Robinson Worldwide from $112.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $107.00 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $114.82. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 0.87 and a beta of 0.83. The business has a 50-day moving average of $105.92 and a 200-day moving average of $103.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the company earned $0.84 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that C.H. Robinson Worldwide will post 4.39 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.32%. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

Insider Buying and Selling 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 transaction, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael John Short sold 10,408 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 4,229.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,208 shares of the transportation company’s stock worth $193,000 after acquiring an additional 2,157 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in C.H. Robinson Worldwide by 19.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,506 shares of the transportation company’s stock worth $1,102,000 after purchasing an additional 2,009 shares during the period. AE Wealth Management LLC boosted its stake in C.H. Robinson Worldwide by 23.3% during the 2nd quarter. AE Wealth Management LLC now owns 30,607 shares of the transportation company’s stock valued at $2,697,000 after purchasing an additional 5,780 shares in the last quarter. Legacy Financial Advisors Inc. increased its position in shares of C.H. Robinson Worldwide by 45.7% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 6,752 shares of the transportation company’s stock valued at $595,000 after purchasing an additional 2,118 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 26.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after buying an additional 526,872 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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.