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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CHRW. Cowen increased their target price on C.H. Robinson Worldwide from $109.00 to $123.00 and gave the stock an "outperform" rating in a report on Thursday, April 28th. Susquehanna increased their target price on C.H. Robinson Worldwide from $95.00 to $107.00 in a report on Thursday, April 28th. Stifel Nicolaus increased their target price on C.H. Robinson Worldwide from $117.00 to $123.00 in a report on Thursday, July 28th. Susquehanna Bancshares raised their price target on C.H. Robinson Worldwide from $95.00 to $107.00 in a report on Thursday, April 28th. Finally, Wolfe Research cut C.H. Robinson Worldwide from an "outperform" rating to a "peer perform" rating in a report on Tuesday, July 12th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $111.10.

C.H. Robinson Worldwide Stock Up 2.1 %

Shares of NASDAQ:CHRW traded up $2.22 during midday trading on Friday, reaching $109.74. The company had a trading volume of 684,623 shares, compared to its average volume of 1,255,460. The business's 50 day moving average price is $102.95 and its 200 day moving average price is $102.33. The stock has a market cap of $13.59 billion, a PE ratio of 13.21, a P/E/G ratio of 1.49 and a beta of 0.75. The company has a quick ratio of 1.49, a current ratio of 1.48 and a debt-to-equity ratio of 0.78. C.H. Robinson Worldwide has a 1-year low of $85.80 and a 1-year high of $115.99.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.88 by $0.79. The company had revenue of $5.80 billion during the quarter, compared to analysts' expectations of $6.78 billion. C.H. Robinson Worldwide had a return on equity of 53.97% and a net margin of 4.15%. The business's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 earnings per share. Research analysts forecast that C.H. Robinson Worldwide will post 8.48 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, September 1st. This represents a $2.20 annualized dividend and a dividend yield of 2.00%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 26.47%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 3,747 shares of the stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $110.15, for a total value of $412,732.05. Following the completion of the sale, the insider now directly owns 20,060 shares in the company, valued at $2,209,609. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Ben G. Campbell sold 4,079 shares of the firm's stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $113.00, for a total value of $460,927.00. Following the transaction, the insider now owns 53,507 shares of the company's stock, valued at approximately $6,046,291. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 3,747 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $110.15, for a total transaction of $412,732.05. Following the completion of the sale, the insider now owns 20,060 shares of the company's stock, valued at approximately $2,209,609. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,208 shares of company stock worth $4,255,269. Corporate insiders own 1.64% of the company's stock.