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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have earned an average recommendation of “Moderate Buy” from the twenty-six ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $143.00.

Several research firms recently commented on CHRW. The Goldman Sachs Group increased their target price on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Benchmark reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Susquehanna set a $165.00 target price on C.H. Robinson Worldwide and gave the stock a “positive” rating in a research note on Wednesday, September 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $135.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Finally, Baird R W raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st.

Insiders Place Their Bets

In other news, insider Michael D. Castagnetto sold 45,266 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the sale, the insider owned 34,046 shares in the company, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. The trade was a 43.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.47% of the stock is owned by insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new position in shares of C.H. Robinson Worldwide during the second quarter worth approximately $30,000. WPG Advisers LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth $32,000. Clearstead Advisors LLC boosted its stake in C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares during the period. Arlington Trust Co LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth $34,000. Finally, MUFG Securities EMEA plc acquired a new position in C.H. Robinson Worldwide in the second quarter valued at $34,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.8%

Shares of C.H. Robinson Worldwide stock opened at $152.80 on Friday. C.H. Robinson Worldwide has a 52-week low of $84.68 and a 52-week high of $158.70. The company has a 50 day moving average of $135.77 and a 200 day moving average of $114.75. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $18.05 billion, a P/E ratio of 30.99, a P/E/G ratio of 1.79 and a beta of 0.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the prior year, the firm posted $1.28 EPS. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. As a group, research analysts forecast that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, December 5th. This represents a $2.52 annualized dividend and a yield of 1.6%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.12%.

About C.H. Robinson Worldwide

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.