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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-two analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $114.29.

CHRW has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of 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. Wolfe Research upgraded shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research note on Tuesday, July 1st. Citigroup upped their price objective on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research note on Wednesday. Baird R W raised shares of C.H. Robinson Worldwide to a "hold" rating in a research report on Tuesday, July 1st. Finally, Jefferies Financial Group decreased their price objective on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a report on Friday, April 11th.

C.H. Robinson Worldwide Trading Down 1.4%

C.H. Robinson Worldwide stock opened at $99.40 on Friday. The firm has a 50-day moving average price of $95.60 and a two-hundred day moving average price of $97.53. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.63 and a beta of 0.89. C.H. Robinson Worldwide has a 52-week low of $84.68 and a 52-week high of $114.82. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The business's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 EPS. Sell-side analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 59.33%.

Insider Activity

In related news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider owned 71,441 shares in the company, valued at $6,959,782.22. This trade represents a 7.39% 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 owned by company insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently added to or reduced their stakes in CHRW. North Capital Inc. bought a new stake in C.H. Robinson Worldwide during the 1st quarter worth about $25,000. NBC Securities Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $27,000. First Financial Corp IN acquired a new position in C.H. Robinson Worldwide during the first quarter worth $31,000. WPG Advisers LLC acquired a new position in C.H. Robinson Worldwide during the first quarter worth $32,000. Finally, Proficio Capital Partners LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth $33,000. Institutional investors own 93.15% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.