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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have received a consensus rating of “Hold” from the nineteen research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $112.88.

Several analysts have recently commented on the stock. Robert W. Baird increased their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, December 13th. The Goldman Sachs Group increased their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Citigroup upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 13th. Stifel Nicolaus lifted their price target on C.H. Robinson Worldwide from $107.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Finally, Barclays upped their price objective on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of C.H. Robinson Worldwide by 2,259.1% in the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock worth $282,303,000 after buying an additional 2,449,367 shares in the last quarter. Interval Partners LP purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter worth approximately $82,581,000. Point72 Asset Management L.P. bought a new position in C.H. Robinson Worldwide in the 2nd quarter valued at $69,378,000. ProShare Advisors LLC grew its position in shares of C.H. Robinson Worldwide by 26.3% during the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock valued at $222,837,000 after purchasing an additional 526,872 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of C.H. Robinson Worldwide by 137.8% in the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock worth $47,573,000 after purchasing an additional 249,774 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $104.28 on Wednesday. The company has a market capitalization of $12.33 billion, a P/E ratio of 36.08, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $114.82. The business has a 50-day simple moving average of $107.74 and a two-hundred day simple moving average of $100.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. C.H. Robinson Worldwide’s revenue was up 7.0% compared to the same quarter last year. Research analysts expect that C.H. Robinson Worldwide will post 4.38 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 85.81%.

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.