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.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of recent analyst reports. Susquehanna raised their price objective on shares of C.H. Robinson Worldwide from $95.00 to $107.00 in a research note on Thursday, April 28th. Cowen raised their price objective on shares of C.H. Robinson Worldwide from $109.00 to $123.00 in a research note on Thursday, April 28th. Stifel Nicolaus raised their price objective on shares of C.H. Robinson Worldwide from $117.00 to $123.00 in a research note on Thursday, July 28th. Morgan Stanley raised their price objective on shares of C.H. Robinson Worldwide from $63.00 to $66.00 and gave the stock an "underweight" rating in a research note on Thursday, July 28th. Finally, Wolfe Research lowered shares of C.H. Robinson Worldwide from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, July 12th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $111.10.

C.H. Robinson Worldwide Stock Up 0.5 %

CHRW Stock opened at $117.89 on Tuesday. The company has a current ratio of 1.48, a quick 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 $118.99. The company has a fifty day simple moving average of $103.78 and a 200 day simple moving average of $102.76. The firm has a market cap of $14.60 billion, a PE ratio of 14.19, a PEG ratio of 1.54 and a beta of 0.75.

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

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $2.20 annualized dividend and a yield of 1.87%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 26.47%.

Insider Buying and Selling

In other news, Director Henry J. Maier bought 922 shares of the company's stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average price of $108.45 per share, for a total transaction of $99,990.90. Following the acquisition, the director now directly owns 922 shares of the company's stock, valued at approximately $99,990.90. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Henry J. Maier bought 922 shares of the company's stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average price of $108.45 per share, for a total transaction of $99,990.90. Following the acquisition, the director now directly owns 922 shares of the company's stock, valued at approximately $99,990.90. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 owns 181,610 shares in the company, valued at approximately $19,795,490. The disclosure for this sale can be found here. Insiders have sold 63,047 shares of company stock worth $7,189,957 in the last quarter. 1.64% of the stock is currently owned by company insiders.