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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been given an average recommendation of “Moderate Buy” by the twenty-four brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $181.2917.

Several equities research analysts have recently issued reports on CHRW shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $149.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, January 14th. Evercore lifted their price target on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $180.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Loop Capital set a $206.00 target price on C.H. Robinson Worldwide in a research note on Monday, February 2nd. Finally, TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $165.00 to $194.00 and gave the company a “hold” rating in a research note on Thursday, January 29th.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $190.06 on Monday. C.H. Robinson Worldwide has a 52 week low of $84.68 and a 52 week high of $203.34. The firm has a market capitalization of $22.54 billion, a P/E ratio of 39.35, a price-to-earnings-growth ratio of 2.00 and a beta of 0.89. The company has a fifty day simple moving average of $176.28 and a two-hundred day simple moving average of $151.08. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.97 billion. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.C.H. Robinson Worldwide’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.21 EPS. Analysts anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 52.17%.

Insider Transactions at C.H. Robinson Worldwide

In related news, CEO David P. Bozeman purchased 1,223 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 12th. The stock was bought at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the transaction, the chief executive officer owned 190,600 shares in the company, valued at approximately $31,132,604. The trade was a 0.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Arun Rajan acquired 605 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average price of $167.11 per share, for a total transaction of $101,101.55. Following the completion of the transaction, the insider directly owned 133,656 shares in the company, valued at approximately $22,335,254.16. This represents a 0.45% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. 0.91% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Vestcor Inc grew its stake in C.H. Robinson Worldwide by 0.8% during the 4th quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock valued at $1,029,000 after purchasing an additional 51 shares in the last quarter. Horizon Investments LLC grew its position in shares of C.H. Robinson Worldwide by 3.1% during the fourth quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after buying an additional 58 shares in the last quarter. Signaturefd LLC increased its stake in shares of C.H. Robinson Worldwide by 3.6% in the fourth quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock worth $273,000 after buying an additional 59 shares during the last quarter. Brendel Financial Advisors LLC raised its holdings in C.H. Robinson Worldwide by 2.2% in the fourth quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock valued at $466,000 after acquiring an additional 61 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in C.H. Robinson Worldwide by 2.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock valued at $338,000 after acquiring an additional 69 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.