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

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

CHRW has been the topic of several recent research reports. Jefferies Financial Group decreased their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Stephens reaffirmed an "equal weight" rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Bank of America upped their price objective on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Wells Fargo & Company decreased their price objective on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, Barclays decreased their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider now owns 71,441 shares of the company's stock, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.47% of the company's stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in CHRW. North Capital Inc. purchased a new position in C.H. Robinson Worldwide during the 1st quarter worth approximately $25,000. National Pension Service purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $25,000. NBC Securities Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $27,000. First Financial Corp IN purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $31,000. Finally, WPG Advisers LLC purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock traded up $0.56 during trading hours on Friday, reaching $96.14. 81,218 shares of the stock traded hands, compared to its average volume of 1,358,243. The company has a 50 day moving average price of $93.90 and a 200 day moving average price of $100.24. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 1.16 and a beta of 0.92. C.H. Robinson Worldwide has a one year low of $82.16 and a one year high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.58%. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

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.