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 Ratings Changes

A number of equities analysts recently commented on the company. Evercore ISI dropped their price target on C.H. Robinson Worldwide from $115.00 to $112.00 and set an "in-line" rating for the company in a research note on Tuesday, July 12th. Credit Suisse Group started coverage on C.H. Robinson Worldwide in a report on Monday, June 27th. They set an "underperform" rating and a $102.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on C.H. Robinson Worldwide from $117.00 to $120.00 in a report on Thursday, April 28th. Robert W. Baird raised their price objective on C.H. Robinson Worldwide from $105.00 to $115.00 and gave the stock a "hold" rating in a research report on Thursday, April 28th. Finally, Citigroup raised their price objective on C.H. Robinson Worldwide from $113.00 to $123.00 in a research report on Thursday, July 28th. Three 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $111.10.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded up $3.64 on Wednesday, hitting $115.60. 1,357,589 shares of the company were exchanged, compared to its average volume of 1,341,981. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.49 and a beta of 0.75. The company has a 50-day moving average price of $103.09 and a 200 day moving average price of $102.42. C.H. Robinson Worldwide has a 1-year low of $85.80 and a 1-year high of $115.99. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.78.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Rating) last issued its earnings results on Wednesday, July 27th. The transportation company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.79. C.H. Robinson Worldwide had a return on equity of 53.97% and a net margin of 4.15%. The business had revenue of $5.80 billion for the quarter, compared to analysts' expectations of $6.78 billion. During the same period in the previous year, the firm posted $1.44 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, sell-side 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 disclosed 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. This represents a $2.20 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Thursday, September 1st. C.H. Robinson Worldwide's dividend payout ratio is presently 26.47%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Ben G. Campbell sold 4,079 shares of the company's stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $113.00, for a total value of $460,927.00. Following the transaction, the insider now directly owns 53,507 shares in the company, valued at $6,046,291. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other C.H. Robinson Worldwide news, CFO Michael Paul Zechmeister sold 2,819 shares of the company's stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $114.25, for a total transaction of $322,070.75. Following the transaction, the chief financial officer now directly owns 48,207 shares in the company, valued at $5,507,649.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ben G. Campbell sold 4,079 shares of the company's stock in a transaction on Tuesday, June 14th. The stock was 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 in the company, valued at $6,046,291. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,461 shares of company stock worth $3,842,537. Insiders own 1.64% of the company's stock.