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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has received a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $186.4348.

Several brokerages recently issued reports on CHRW. Benchmark boosted their price target on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Sanford C. Bernstein lifted their price objective on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $200.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. TD Cowen upped their target price on C.H. Robinson Worldwide from $165.00 to $194.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $188.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 8th.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,579 shares of the stock in a transaction dated Monday, February 9th. The shares were 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 owned 55,611 shares of the company’s stock, valued at $11,151,117.72. This represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael D. Castagnetto sold 2,849 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $194.20, for a total transaction of $553,275.80. Following the transaction, the insider owned 28,149 shares of the company’s stock, valued at approximately $5,466,535.80. This represents a 9.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders purchased 2,422 shares of company stock worth $400,801 and sold 17,796 shares worth $3,555,415. 0.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently modified their holdings of CHRW. Bank of Jackson Hole Trust bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide in the third quarter valued at $27,000. DV Equities LLC bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new position in C.H. Robinson Worldwide during the second quarter worth $30,000. Finally, Clearstead Advisors LLC raised its stake in 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 in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $182.24 on Tuesday. The firm’s 50-day moving average is $175.83 and its 200-day moving average is $163.74. C.H. Robinson Worldwide has a 52-week low of $86.58 and a 52-week high of $203.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 37.73, a PEG ratio of 1.88 and a beta of 0.93.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, beating 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 business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities research analysts anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) 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.