C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives Consensus Recommendation of “Hold” from Brokerages

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been given an average recommendation of “Hold” by the nineteen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $106.25.

Several research firms have commented on CHRW. BMO Capital Markets upped their price target on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Barclays upped their price target on C.H. Robinson Worldwide from $75.00 to $85.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. Susquehanna decreased their price target on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday. The Goldman Sachs Group raised their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $140.00 in a research note on Friday, October 4th.

Insider Activity

In related news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versor Investments LP grew its holdings in shares of C.H. Robinson Worldwide by 135.1% during the third quarter. Versor Investments LP now owns 8,132 shares of the transportation company’s stock valued at $898,000 after buying an additional 4,673 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $11,573,000. CWA Asset Management Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $285,000. Finally, Portside Wealth Group LLC grew its holdings in shares of C.H. Robinson Worldwide by 2.6% during the third quarter. Portside Wealth Group LLC now owns 8,578 shares of the transportation company’s stock valued at $947,000 after buying an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $102.65 on Tuesday. The company has a market capitalization of $12.04 billion, a P/E ratio of 35.52, a price-to-earnings-growth ratio of 1.34 and a beta of 0.84. The business’s 50-day moving average price is $105.72 and its two-hundred day moving average price is $93.49. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $113.10. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.42.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts anticipate that C.H. Robinson Worldwide will post 4.27 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.42%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is 85.81%.

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.