C.H. Robinson Worldwide - CHRW Stock Forecast, Price & News

C.H. Robinson Worldwide, Inc., together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services. The company also offers customs broker services; and other logistics services, such as fee-based managed, warehousing, small parcel, and other services. It has contractual relationships with approximately 85,000 transportation companies, including motor carriers, railroads, and air and ocean carriers. In addition, the company is involved in buying, selling, and/or marketing of fresh produce, including fresh fruits, vegetables, and other value-added perishable items under the Robinson Fresh name. Further, it provides transportation management services or managed TMS; and other surface transportation services. The company offers its fresh produce to grocery retailers, restaurants, produce wholesalers, and foodservice distributors through a network of independent produce growers and suppliers. C.H. Robinson Worldwide, Inc. was founded in 1905 and is headquartered in Eden Prairie, Minnesota.

C.H. Robinson Worldwide Trading Up 1.3 %

Shares of C.H. Robinson Worldwide stock opened at $111.19 on Tuesday. The company has a market cap of $13.77 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 1.49 and a beta of 0.75. The firm has a 50-day simple moving average of $103.02 and a two-hundred day simple moving average of $102.35. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.48 and a current ratio of 1.48. C.H. Robinson Worldwide has a fifty-two week low of $85.80 and a fifty-two week high of $115.99.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Rating) last posted its earnings results on Wednesday, July 27th. The transportation company reported $2.67 EPS for the quarter, beating analysts' consensus estimates of $1.88 by $0.79. C.H. Robinson Worldwide had a net margin of 4.15% and a return on equity of 53.97%. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $6.78 billion. During the same period last year, the firm posted $1.44 EPS. The company's revenue was up 4.8% on a year-over-year basis. As a group, equities analysts predict that C.H. Robinson Worldwide will post 8.48 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $2.20 annualized dividend and a yield of 1.98%. C.H. Robinson Worldwide's payout ratio is 26.47%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CHRW. Credit Suisse Group started coverage on C.H. Robinson Worldwide in a research report on Monday, June 27th. They set an "underperform" rating and a $102.00 price target for the company. Cowen raised their target price on C.H. Robinson Worldwide from $109.00 to $123.00 and gave the stock an "outperform" rating in a research report on Thursday, April 28th. Susquehanna lifted their target price on C.H. Robinson Worldwide from $95.00 to $107.00 in a research note on Thursday, April 28th. Wells Fargo & Company lifted their price objective on C.H. Robinson Worldwide from $93.00 to $94.00 and gave the stock an "underweight" rating in a report on Thursday, July 28th. Finally, Citigroup lifted their price objective on C.H. Robinson Worldwide from $113.00 to $123.00 in a research report on Thursday, July 28th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Hold" and a consensus target price of $111.10.

Insider Transactions at C.H. Robinson Worldwide

In other news, Director Henry J. Maier acquired 922 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $108.45 per share, with a total value of $99,990.90. Following the completion of the purchase, the director now owns 922 shares of the company's stock, valued at $99,990.90. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other C.H. Robinson Worldwide news, CEO Robert C. Biesterfeld, Jr. sold 4,286 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $109.00, for a total transaction of $467,174.00. Following the completion of the transaction, the chief executive officer now directly owns 181,610 shares of the company's stock, valued at $19,795,490. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Henry J. Maier acquired 922 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average price of $108.45 per share, with a total value of $99,990.90. Following the completion of the transaction, the director now owns 922 shares of the company's stock, valued at $99,990.90. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 34,461 shares of company stock worth $3,842,537. Insiders own 1.64% of the company's stock.