C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives Average Rating of "Hold" from Brokerages

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) has received an average rating of "Hold" from the nineteen analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $107.63.

A number of brokerages have issued reports on CHRW. Barclays boosted their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 13th. BMO Capital Markets upped their price objective 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. Susquehanna cut their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Citigroup lowered C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a report on Friday, November 22nd. Finally, TD Cowen upped their price objective on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a "hold" rating in a report on Thursday, October 31st.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.47% of the stock is currently owned by corporate insiders.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds have recently added to or reduced their stakes in CHRW. Quent Capital LLC lifted its position in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock worth $26,000 after acquiring an additional 146 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company's stock worth $26,000 after acquiring an additional 185 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after buying an additional 111 shares in the last quarter. Quarry LP raised its holdings in shares of C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock worth $43,000 after buying an additional 171 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $54,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

CHRW traded up $0.33 during trading on Friday, reaching $105.58. 499,040 shares of the company were exchanged, compared to its average volume of 1,514,063. The stock has a market cap of $12.48 billion, a P/E ratio of 36.53, a PEG ratio of 1.20 and a beta of 0.84. The firm has a 50 day moving average of $107.99 and a 200 day moving average of $97.73. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping analysts' consensus estimates 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 period in the prior year, the business earned $0.84 EPS. The firm's revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that C.H. Robinson Worldwide will post 4.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.35%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 85.81%.

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.