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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have been given an average rating of “Moderate Buy” by the twenty-four research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $181.2917.

A number of analysts have recently issued reports on CHRW shares. Stifel Nicolaus lifted their target price on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. lifted their price objective on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $180.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, Wolfe Research reiterated an “outperform” rating and set a $188.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 8th.

C.H. Robinson Worldwide Price Performance

CHRW opened at $174.81 on Friday. The company has a fifty day simple moving average of $182.00 and a 200 day simple moving average of $158.07. The firm has a market cap of $20.74 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 1.80 and a beta of 0.90. C.H. Robinson Worldwide has a twelve month low of $84.68 and a twelve month high of $203.34. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.17%.

Insider Activity

In related news, CEO David P. Bozeman bought 1,223 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were acquired at an average price of $163.34 per share, for a total transaction of $199,764.82. Following the purchase, the chief executive officer owned 190,600 shares in the company, valued at $31,132,604. This trade represents a 0.65% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,579 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the transaction, the insider directly owned 55,611 shares in the company, valued at $11,151,117.72. The trade was a 13.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders purchased 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. 1.47% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of CHRW. Goldman Sachs Group Inc. grew its position in shares of C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after acquiring an additional 24,788 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $259,000. Empowered Funds LLC lifted its stake in C.H. Robinson Worldwide by 2.3% during the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock worth $1,589,000 after purchasing an additional 350 shares during the last quarter. Woodline Partners LP boosted its holdings in C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after purchasing an additional 2,930 shares during the period. Finally, Focus Partners Wealth boosted its holdings in C.H. Robinson Worldwide by 9.9% in the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

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.