C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts have given C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) a consensus rating of "Moderate Buy", with 14 analysts assigning a buy rating and one an upgrade to strong buy.
• The company recently reported earnings of $1.29 per share for the latest quarter, surpassing expectations, although revenue was down by 7.7% year-over-year.
• C.H. Robinson has declared a quarterly dividend of $0.62 per share, reflecting an annual yield of 1.9% and a payout ratio of 56.49%.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-two research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $117.2381.

A number of research analysts have recently weighed in on CHRW shares. Robert W. Baird upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a report on Thursday, July 31st. Raymond James Financial set a $111.00 target price on shares of C.H. Robinson Worldwide and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Citigroup lifted their target price on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Finally, Barclays reaffirmed an "underweight" rating and issued a $95.00 target price (up from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Arun Rajan sold 2,500 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the transaction, the insider owned 130,591 shares in the company, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela K. Freeman sold 5,713 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the transaction, the insider owned 65,728 shares of the company's stock, valued at $7,640,222.72. This trade represents a 8.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,577 shares of company stock worth $1,714,544. 0.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CHRW. North Capital Inc. acquired a new position in C.H. Robinson Worldwide during the first quarter worth $25,000. NBC Securities Inc. acquired a new position in C.H. Robinson Worldwide during the first quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new position in C.H. Robinson Worldwide during the second quarter worth $30,000. First Financial Corp IN acquired a new position in C.H. Robinson Worldwide during the first quarter worth $31,000. Finally, WPG Advisers LLC acquired a new position in C.H. Robinson Worldwide during the first quarter worth $32,000. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Down 0.1%

C.H. Robinson Worldwide stock traded down $0.10 during midday trading on Monday, reaching $128.79. The stock had a trading volume of 1,001,512 shares, compared to its average volume of 1,352,070. The firm's fifty day simple moving average is $109.62 and its two-hundred day simple moving average is $100.44. C.H. Robinson Worldwide has a twelve month low of $84.68 and a twelve month high of $131.17. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $15.21 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 2.02 and a beta of 0.87.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the business posted $1.15 EPS. The company's revenue was down 7.7% on a year-over-year basis. Equities analysts anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. C.H. Robinson Worldwide's payout ratio is currently 56.49%.

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.