C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Given Average Rating of “Hold” by Analysts

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned an average rating of “Hold” from the twenty research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $100.29.

A number of equities research analysts have recently issued reports on CHRW shares. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $140.00 in a report on Friday, October 4th. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their price target on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $87.00 to $110.00 in a research report on Thursday, August 1st.

C.H. Robinson Worldwide Trading Down 0.2 %

C.H. Robinson Worldwide stock opened at $108.04 on Friday. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $110.51. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $12.65 billion, a P/E ratio of 42.70, a PEG ratio of 2.15 and a beta of 0.82. The stock has a 50-day simple moving average of $102.82 and a 200 day simple moving average of $89.19.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide will post 4.13 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 6th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.30%. C.H. Robinson Worldwide’s dividend payout ratio is 98.02%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors have recently modified their holdings of the business. Swedbank AB bought a new stake in shares of C.H. Robinson Worldwide in the first quarter worth $1,051,000. Norden Group LLC bought a new stake in C.H. Robinson Worldwide during the first quarter valued at $4,585,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in C.H. Robinson Worldwide by 13.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock valued at $16,301,000 after acquiring an additional 26,156 shares during the last quarter. Cetera Advisors LLC bought a new stake in C.H. Robinson Worldwide during the first quarter valued at $6,665,000. Finally, Janney Montgomery Scott LLC boosted its position in C.H. Robinson Worldwide by 30.6% during the first quarter. Janney Montgomery Scott LLC now owns 144,984 shares of the transportation company’s stock valued at $11,039,000 after acquiring an additional 33,995 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

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.