C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Given Average Recommendation of “Moderate Buy” by Brokerages

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been given a consensus rating of “Moderate Buy” by the twenty-two research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $114.29.

Several research analysts have commented on CHRW shares. Barclays cut their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an “underweight” rating on the stock in a research report on Thursday, May 1st. Citigroup dropped their price target on C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Evercore ISI dropped their target price on C.H. Robinson Worldwide from $119.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Bank of America boosted their price target on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Finally, Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 5,700 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the transaction, the insider now directly owns 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth $234,304,000. Norges Bank acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth $134,833,000. Raymond James Financial Inc. acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth $102,174,000. First Trust Advisors LP lifted its position in C.H. Robinson Worldwide by 163.6% during the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company’s stock worth $124,625,000 after acquiring an additional 748,661 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of C.H. Robinson Worldwide by 25.7% during the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock worth $299,582,000 after purchasing an additional 593,211 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $93.59 on Wednesday. C.H. Robinson Worldwide has a one year low of $84.24 and a one year high of $114.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $11.11 billion, a PE ratio of 22.39, a P/E/G ratio of 1.54 and a beta of 0.90. The stock has a 50 day moving average price of $93.51 and a 200 day moving average price of $98.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.02 by $0.15. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period last year, the business posted $0.86 earnings per share. Equities research analysts expect that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a $0.62 dividend. The ex-dividend date is Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.65%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 59.33%.

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.