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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have received an average recommendation of “Moderate Buy” from the twenty-one analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $117.79.

A number of research firms have recently weighed in on CHRW. Citigroup reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. TD Cowen raised their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Benchmark restated a “buy” rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $118.00 to $130.00 in a report on Monday, December 9th. Finally, BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday, December 13th.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock valued at $1,513,656 over the last quarter. 1.47% of the stock is owned by corporate insiders.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Menard Financial Group LLC bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $91,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $6,747,000. Azzad Asset Management Inc. ADV lifted its position in C.H. Robinson Worldwide by 1.9% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 26,403 shares of the transportation company’s stock valued at $2,728,000 after purchasing an additional 491 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $83,000. Finally, XY Planning Network Inc. bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $351,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 4.4 %

Shares of C.H. Robinson Worldwide stock opened at $102.45 on Monday. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.16 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $114.82. The firm’s 50-day moving average price is $101.67 and its two-hundred day moving average price is $104.71.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. On average, analysts forecast that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

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.