C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $143.35 Average PT from Brokerages

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have earned an average recommendation of “Moderate Buy” from the twenty-six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $143.3478.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on C.H. Robinson Worldwide from $155.00 to $166.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. UBS Group boosted their target price on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $135.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Citigroup lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and raised their price target for the stock from $134.00 to $148.00 in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price objective on shares of C.H. Robinson Worldwide from $117.00 to $131.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th.

C.H. Robinson Worldwide Trading Down 1.7%

Shares of NASDAQ:CHRW opened at $157.09 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59. The stock’s 50-day moving average is $145.15 and its 200-day moving average is $123.39. The company has a market cap of $18.56 billion, a P/E ratio of 31.86, a P/E/G ratio of 2.19 and a beta of 0.90. C.H. Robinson Worldwide has a 52-week low of $84.68 and a 52-week high of $162.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the previous year, the firm earned $1.28 EPS. The firm’s revenue was down 10.9% compared to the same quarter last year. Equities research analysts predict that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be issued a $0.63 dividend. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.52 annualized dividend and a yield of 1.6%. C.H. Robinson Worldwide’s payout ratio is currently 51.12%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the sale, the insider owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. This trade represents a 43.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 45,266 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the transaction, the insider owned 34,046 shares of the company’s stock, valued at $5,164,778.20. The trade was a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.47% of the stock is currently owned by company insiders.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors have recently made changes to their positions in CHRW. Wellington Management Group LLP grew its position 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 valued at $945,773,000 after acquiring an additional 4,751,034 shares during the period. Boston Partners acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at $234,304,000. Norges Bank bought a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth about $118,976,000. Bank of New York Mellon Corp increased its position in shares of C.H. Robinson Worldwide by 78.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock worth $193,219,000 after purchasing an additional 884,160 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $72,929,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

About C.H. Robinson Worldwide

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.