C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $116.33 Consensus PT from Brokerages

Key Points

• C.H. Robinson Worldwide, Inc. received an average rating of "Moderate Buy" from twenty-two brokerages, with one sell rating, six hold ratings, fourteen buy ratings, and one strong buy rating.
• The company's stock has a 12-month target price averaging $116.33 among analysts, with shares opening at $117.74 and a market capitalization of $13.90 billion.
• C.H. Robinson announced a quarterly dividend of $0.62 per share, yielding approximately 2.1%, while its recent earnings report showed a quarterly revenue decline of 7.7% compared to the previous year.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-two research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $116.3333.

A number of research analysts have issued reports on CHRW shares. Wolfe Research upgraded 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. TD Securities increased their price target on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. 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 note on Tuesday, July 15th. Finally, Stifel Nicolaus lifted their price target on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a "buy" rating in a report on Thursday, July 31st.

Insider Buying and Selling

In other news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction on 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 directly owned 71,441 shares of the company's stock, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the transaction, the insider directly owned 60,401 shares in the company, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CHRW. North Capital Inc. purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth $25,000. NBC Securities Inc. purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth approximately $27,000. First Financial Corp IN bought a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $31,000. WPG Advisers LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $32,000. Finally, FNY Investment Advisers LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter worth approximately $38,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Down 0.9%

C.H. Robinson Worldwide stock traded down $1.04 during midday trading on Thursday, hitting $116.78. 1,091,780 shares of the stock were exchanged, compared to its average volume of 1,332,037. C.H. Robinson Worldwide has a 52-week low of $84.68 and a 52-week high of $119.20. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The business's 50-day moving average price is $99.17 and its 200-day moving average price is $97.72. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%. The company's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.15 EPS. On average, research 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 Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, September 5th. This represents a $2.48 annualized dividend and a yield of 2.1%. C.H. Robinson Worldwide's payout ratio is presently 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.