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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have been given an average recommendation of “Moderate Buy” by the nineteen research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $114.71.

CHRW has been the topic of several recent analyst reports. Robert W. Baird boosted their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their price target on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Stifel Nicolaus increased their target price on C.H. Robinson Worldwide from $112.00 to $113.00 and gave the company a “hold” rating in a report on Thursday. Finally, Evercore ISI lifted their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd.

Insiders Place Their Bets

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the sale, the insider now owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC increased its position in C.H. Robinson Worldwide by 4,229.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,208 shares of the transportation company’s stock worth $193,000 after buying an additional 2,157 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in C.H. Robinson Worldwide by 19.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,506 shares of the transportation company’s stock worth $1,102,000 after acquiring an additional 2,009 shares during the period. AE Wealth Management LLC raised its stake in C.H. Robinson Worldwide by 23.3% during the 2nd quarter. AE Wealth Management LLC now owns 30,607 shares of the transportation company’s stock valued at $2,697,000 after purchasing an additional 5,780 shares during the last quarter. Legacy Financial Advisors Inc. boosted its holdings in C.H. Robinson Worldwide by 45.7% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 6,752 shares of the transportation company’s stock valued at $595,000 after purchasing an additional 2,118 shares during the period. Finally, ProShare Advisors LLC grew its position in C.H. Robinson Worldwide by 26.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after purchasing an additional 526,872 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $108.16 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average of $105.88 and a 200-day moving average of $103.27. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $114.82. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 37.43, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. Analysts forecast that C.H. Robinson Worldwide will post 4.39 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is 85.81%.

C.H. Robinson Worldwide Company Profile

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.