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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have received an average recommendation of “Moderate Buy” from the twenty analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $117.17.

A number of brokerages recently weighed in on CHRW. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research report on Friday, January 31st. Bank of America decreased their target price on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Stephens reiterated an “equal weight” rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Robert W. Baird upped their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 17th.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $97.55 on Thursday. The stock has a market capitalization of $11.53 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.12 and a beta of 0.82. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $114.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The firm’s 50-day moving average is $104.18 and its two-hundred day moving average is $104.40.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Equities analysts predict that C.H. Robinson Worldwide will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.54%. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Hedge funds have recently bought and sold shares of the company. Inspire Investing LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $810,000. D.A. Davidson & CO. grew its position in shares of C.H. Robinson Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after purchasing an additional 443 shares during the last quarter. Chesapeake Capital Corp IL acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $835,000. Northstar Advisory Group LLC bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $587,000. Finally, JPMorgan Chase & Co. lifted its holdings in C.H. Robinson Worldwide by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after purchasing an additional 36,769 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

About C.H. Robinson Worldwide

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.