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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have earned a consensus rating of “Moderate Buy” from the twenty ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $117.17.

A number of brokerages have weighed in on CHRW. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Robert W. Baird boosted their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. TD Cowen increased their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Citigroup reduced their price target on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 3rd.

Insider Activity 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 value 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 document filed with the SEC, which is available through the SEC website. 1.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently made changes to their positions in CHRW. Livforsakringsbolaget Skandia Omsesidigt bought a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $55,000. Exchange Traded Concepts LLC lifted its holdings in shares of C.H. Robinson Worldwide by 1,245.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,130 shares of the transportation company’s stock valued at $125,000 after buying an additional 1,046 shares during the period. Swedbank AB boosted its stake in shares of C.H. Robinson Worldwide by 9.6% in the 3rd quarter. Swedbank AB now owns 15,134 shares of the transportation company’s stock worth $1,670,000 after buying an additional 1,327 shares during the last quarter. Twelve Points Wealth Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 5.1% in the third quarter. Twelve Points Wealth Management LLC now owns 13,203 shares of the transportation company’s stock worth $1,457,000 after acquiring an additional 639 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in C.H. Robinson Worldwide by 4.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,022 shares of the transportation company’s stock valued at $1,216,000 after acquiring an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $97.55 on Thursday. The firm has a market cap of $11.53 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 1.12 and a beta of 0.82. 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 stock’s fifty day moving average price is $104.18 and its two-hundred day moving average price is $104.40. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82.

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

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.54%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

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.