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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has received a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $181.2917.

A number of brokerages have recently weighed in on CHRW. Wolfe Research reiterated an “outperform” rating and set a $188.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 8th. Robert W. Baird set a $203.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, January 29th. Wells Fargo & Company increased their target price on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $149.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $180.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,368 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the transaction, the insider directly owned 52,101 shares in the company, valued at approximately $10,487,931.30. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,579 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $200.52, for a total value of $1,720,261.08. Following the completion of the transaction, the insider directly owned 55,611 shares of the company’s stock, valued at $11,151,117.72. This trade represents a 13.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have purchased 2,422 shares of company stock worth $400,801 and have sold 21,416 shares worth $4,157,630. Company insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of C.H. Robinson Worldwide by 0.4% during the second quarter. Vanguard Group Inc. now owns 14,642,930 shares of the transportation company’s stock valued at $1,404,989,000 after purchasing an additional 56,549 shares during the period. State Street Corp lifted its holdings in C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after purchasing an additional 397,177 shares during the period. Wellington Management Group LLP lifted its holdings in C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares during the period. Boston Partners grew its position in C.H. Robinson Worldwide by 6.1% in the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after buying an additional 213,245 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in C.H. Robinson Worldwide by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock valued at $514,889,000 after buying an additional 16,961 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $174.81 on Friday. The company has a market cap of $20.74 billion, a PE ratio of 36.19, a P/E/G ratio of 1.80 and a beta of 0.90. C.H. Robinson Worldwide has a fifty-two week low of $84.68 and a fifty-two week high of $203.34. The firm has a 50-day simple moving average of $182.00 and a 200 day simple moving average of $158.07. 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 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. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the company posted $1.21 earnings per share. C.H. Robinson Worldwide’s revenue was down 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is presently 52.17%.

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.