C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• C.H. Robinson Worldwide, Inc. has received a consensus analyst rating of "Moderate Buy", with an average 12-month target price of $119.38.
• The company reported $1.29 earnings per share for the last quarter, surpassing the consensus estimate of $1.17, although revenue decreased by 7.7% year-over-year.
• Insider trading activity included significant sales, with Arun Rajan selling 2,500 shares at an average price of $121.74 and Michael John Short selling 6,364 shares at $117.24.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-two analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $119.3810.

A number of analysts recently weighed in on CHRW shares. Wolfe Research raised shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research note on Tuesday, July 1st. Baird R W raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Robert W. Baird raised shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research note on Thursday, July 31st. Finally, TD Cowen boosted their price target on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a research report on Thursday, July 31st.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $133.84 on Friday. The firm's 50-day moving average is $121.19 and its 200-day moving average is $104.16. C.H. Robinson Worldwide has a 52-week low of $84.68 and a 52-week high of $138.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 2.09 and a beta of 0.87.

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

C.H. Robinson Worldwide Announces Dividend

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

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the sale, the insider owned 130,591 shares in the company, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the sale, the insider owned 60,401 shares in the company, valued at approximately $7,081,413.24. This trade represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,577 shares of company stock worth $1,714,544. Corporate insiders own 1.47% of the company's stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several large investors have recently made changes to their positions in CHRW. Boston Partners bought a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $234,304,000. Norges Bank acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at about $118,976,000. Bank of New York Mellon Corp lifted its stake in C.H. Robinson Worldwide by 78.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company's stock valued at $193,219,000 after purchasing an additional 884,160 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in C.H. Robinson Worldwide by 144.4% in the 1st quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company's stock valued at $80,292,000 after purchasing an additional 463,216 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of C.H. Robinson Worldwide by 7,706.1% during the 1st quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock worth $46,578,000 after buying an additional 449,034 shares during the period. 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.