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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned an average rating of “Moderate Buy” from the twenty-four brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $181.2917.

CHRW has been the topic of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Bank of America upped their price objective on C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, December 24th. Wolfe Research reiterated an “outperform” rating and issued a $188.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. UBS Group set a $160.00 price target on C.H. Robinson Worldwide in a report on Thursday. Finally, Susquehanna lifted their price objective on C.H. Robinson Worldwide from $210.00 to $220.00 and gave the company a “positive” rating in a research note on Thursday.

C.H. Robinson Worldwide Stock Up 1.8%

Shares of NASDAQ CHRW opened at $198.50 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $167.55 and its two-hundred day moving average is $142.83. C.H. Robinson Worldwide has a 52-week low of $84.68 and a 52-week high of $200.32. The firm has a market cap of $23.45 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 2.06 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.11. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 EPS. Research analysts predict that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were given a dividend of $0.63 per share. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio is presently 52.17%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 49,884 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael John Short sold 2,390 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $161.91, for a total transaction of $386,964.90. Following the sale, the insider owned 55,158 shares of the company’s stock, valued at $8,930,631.78. This represents a 4.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,504 shares of company stock worth $8,070,349 in the last three months. 1.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds have recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of C.H. Robinson Worldwide during the second quarter worth approximately $30,000. Clearstead Advisors LLC grew its position in shares of C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after acquiring an additional 128 shares during the last quarter. Arlington Trust Co LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors 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.