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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned a consensus rating of “Moderate Buy” from the twenty research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $117.17.

Several equities analysts have weighed in on CHRW shares. Stephens reaffirmed an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Raymond James lowered their target price on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. TD Cowen lifted 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 report on Friday, December 13th. Finally, Benchmark reissued a “buy” rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $99.02 on Thursday. The stock’s fifty day moving average price is $103.35 and its two-hundred day moving average price is $104.60. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 1.15 and a beta of 0.82. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping 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, equities analysts forecast that C.H. Robinson Worldwide will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insiders Place Their Bets

In other news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the sale, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several large investors have recently modified their holdings of CHRW. Toronto Dominion Bank grew its position in shares of C.H. Robinson Worldwide by 9.0% during the 4th quarter. Toronto Dominion Bank now owns 63,110 shares of the transportation company’s stock valued at $6,521,000 after purchasing an additional 5,200 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at $4,401,000. Pacific Point Advisors LLC purchased a new position in C.H. Robinson Worldwide during the fourth quarter worth about $26,876,000. Sunbelt Securities Inc. increased its stake in C.H. Robinson Worldwide by 7,325.0% in the 4th quarter. Sunbelt Securities Inc. now owns 891 shares of the transportation company’s stock worth $92,000 after acquiring an additional 879 shares during the last quarter. Finally, PharVision Advisers LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $271,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

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.