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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have been given a consensus recommendation of “Hold” by the eighteen research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $93.67.

CHRW has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. 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. Barclays upped their price objective on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Susquehanna raised their target price on shares of C.H. Robinson Worldwide from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Evercore ISI raised C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $82.00 to $99.00 in a research report on Tuesday, June 25th.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,894 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CHRW. Quent Capital LLC increased its position in shares of C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in C.H. Robinson Worldwide by 168.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after buying an additional 185 shares during the period. UMB Bank n.a. increased its holdings in C.H. Robinson Worldwide by 147.0% during the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after buying an additional 294 shares during the last quarter. Evermay Wealth Management LLC raised its position in C.H. Robinson Worldwide by 336.0% in the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after acquiring an additional 420 shares during the period. Finally, Sentry Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth $49,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $104.20 on Monday. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $105.41. The stock has a market capitalization of $12.20 billion, a P/E ratio of 41.19, a P/E/G ratio of 2.02 and a beta of 0.82. The company’s 50-day moving average is $97.45 and its 200 day moving average is $85.63. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 EPS. On average, sell-side 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 will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Friday, September 6th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 98.02%.

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.