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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty-two research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $114.29.

A number of equities analysts recently weighed in on the company. Jefferies Financial Group dropped their price target on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Benchmark reissued a "buy" rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Bank of America upped their price target on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a research report on Friday, May 16th. UBS Group decreased their price objective on shares of C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Stifel Nicolaus raised 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 note on Friday, January 31st.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the sale, the insider now directly owns 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently modified their holdings of CHRW. Inspire Investing LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at $810,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $211,000. SG Americas Securities LLC increased its stake in shares of C.H. Robinson Worldwide by 61.6% in the fourth quarter. SG Americas Securities LLC now owns 30,574 shares of the transportation company's stock worth $3,159,000 after purchasing an additional 11,658 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 126.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 29,256 shares of the transportation company's stock worth $3,039,000 after purchasing an additional 16,338 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of C.H. Robinson Worldwide by 59.8% during the 4th quarter. Empowered Funds LLC now owns 15,166 shares of the transportation company's stock worth $1,567,000 after purchasing an additional 5,673 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded up $1.55 during trading hours on Friday, reaching $97.30. 913,623 shares of the company's stock were exchanged, compared to its average volume of 1,366,250. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $11.55 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. C.H. Robinson Worldwide has a 12 month low of $82.16 and a 12 month high of $114.82. The business's 50-day simple moving average is $94.03 and its two-hundred day simple moving average is $100.29.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.15. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The company's revenue was down 8.3% compared to the same quarter last year. During the same period last year, the company posted $0.86 EPS. Sell-side analysts expect that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.55%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 59.33%.

C.H. Robinson Worldwide Company Profile

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.