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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-three analysts that are presently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $136.0476.

CHRW has been the topic of a number of recent research reports. Barclays raised C.H. Robinson Worldwide from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $95.00 to $130.00 in a research note on Wednesday, October 1st. Wolfe Research raised C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Tuesday, July 1st. UBS Group lifted their target price on shares of C.H. Robinson Worldwide from $133.00 to $166.00 and gave the stock a "buy" rating in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. Finally, Evercore ISI boosted their price objective on shares of C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Arun Rajan sold 2,500 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the transaction, the insider directly owned 130,591 shares of the company's stock, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael John Short sold 6,364 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the sale, the insider directly owned 60,401 shares of the company's stock, valued at $7,081,413.24. The trade was a 9.53% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,577 shares of company stock worth $1,714,544. 0.91% of the stock is currently owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of C.H. Robinson Worldwide by 2.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,124 shares of the transportation company's stock worth $2,573,000 after acquiring an additional 589 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of C.H. Robinson Worldwide by 3.2% during the 1st quarter. State of Alaska Department of Revenue now owns 13,908 shares of the transportation company's stock valued at $1,424,000 after buying an additional 430 shares in the last quarter. Johnson Investment Counsel Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth about $467,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of C.H. Robinson Worldwide by 2.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,214 shares of the transportation company's stock worth $1,558,000 after acquiring an additional 360 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its position in C.H. Robinson Worldwide by 172.6% during the 1st quarter. Retirement Systems of Alabama now owns 69,761 shares of the transportation company's stock valued at $7,144,000 after acquiring an additional 44,168 shares during the period. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Up 0.1%

Shares of NASDAQ CHRW opened at $127.46 on Tuesday. The stock has a market capitalization of $15.05 billion, a P/E ratio of 29.03, a PEG ratio of 1.76 and a beta of 0.90. C.H. Robinson Worldwide has a one year low of $84.68 and a one year high of $138.00. The firm's 50 day simple moving average is $128.97 and its two-hundred day simple moving average is $107.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio is presently 56.49%.

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.

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