C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives Consensus Rating of “Moderate Buy” from Analysts

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been given an average recommendation of “Moderate Buy” by the twenty-two analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $117.65.

A number of research analysts recently issued reports on CHRW shares. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Friday, January 31st. BMO Capital Markets increased their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. JPMorgan Chase & Co. decreased their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Robert W. Baird increased their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Bank of America decreased their price objective on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a report on Thursday, January 30th.

C.H. Robinson Worldwide Trading Up 2.1 %

NASDAQ CHRW opened at $98.38 on Monday. The firm has a market cap of $11.68 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The stock’s 50-day moving average is $101.13 and its 200-day moving average is $104.55. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.52%. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is owned by company insiders.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds have recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $3,883,000. Menard Financial Group LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at $91,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at $6,747,000. Azzad Asset Management Inc. ADV raised its holdings in C.H. Robinson Worldwide by 1.9% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 26,403 shares of the transportation company’s stock valued at $2,728,000 after acquiring an additional 491 shares in the last quarter. Finally, Bernard Wealth Management Corp. acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at $83,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

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.