Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Free Report) have received a consensus rating of “Moderate Buy” from the twenty-six brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $158.3913.
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of C.H. Robinson Worldwide from $155.00 to $166.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Wolfe Research reiterated an “outperform” rating and set a $188.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday. Raymond James Financial upped their target price on shares of C.H. Robinson Worldwide from $158.00 to $161.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Barclays raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $145.00 to $200.00 in a research report on Tuesday, December 16th. Finally, UBS Group boosted their price objective on C.H. Robinson Worldwide from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, October 30th.
Read Our Latest Report on CHRW
C.H. Robinson Worldwide Stock Performance
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter last year, the firm posted $1.28 earnings per share. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. On average, research analysts anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.
C.H. Robinson Worldwide Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. C.H. Robinson Worldwide’s payout ratio is presently 51.12%.
Insider Activity at C.H. Robinson Worldwide
In other news, insider Michael John Short sold 2,390 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $161.91, for a total value of $386,964.90. Following the completion of the sale, the insider owned 55,158 shares in the company, valued at $8,930,631.78. This represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael D. Castagnetto sold 45,266 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the transaction, the insider directly owned 34,046 shares in the company, valued at $5,164,778.20. The trade was a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 97,540 shares of company stock valued at $14,721,951. 1.47% of the stock is owned by insiders.
Institutional Investors Weigh In On C.H. Robinson Worldwide
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $27,000. CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide during the second quarter worth $30,000. Clearstead Advisors LLC boosted its position in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares during the last quarter. Arlington Trust Co LLC purchased a new position in C.H. Robinson Worldwide in the third quarter worth $34,000. Finally, Measured Wealth Private Client Group LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $34,000. Hedge funds and other 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.
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