C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Given Consensus Recommendation of "Moderate Buy" by Brokerages

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $117.17.

Several equities research analysts recently issued reports on the company. Citigroup cut their price objective on C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. TD Cowen upped their price target on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a "hold" rating in a report on Friday, December 13th. Barclays upped their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a report on Friday, January 17th. Stephens restated an "equal weight" rating and set a $111.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Finally, Stifel Nicolaus upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target on the stock in a report on Friday, January 31st.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred 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 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 trade represents a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.47% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds have recently modified their holdings of CHRW. Van ECK Associates Corp lifted its holdings in shares of C.H. Robinson Worldwide by 92,841.1% in the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after buying an additional 3,004,338 shares during the period. FMR LLC lifted its holdings in shares of C.H. Robinson Worldwide by 2,259.1% in the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock valued at $282,303,000 after buying an additional 2,449,367 shares during the period. Norges Bank acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $134,833,000. Raymond James Financial Inc. purchased a new position in C.H. Robinson Worldwide in the 4th quarter valued at approximately $102,174,000. Finally, First Trust Advisors LP increased its stake in C.H. Robinson Worldwide by 163.6% in the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock valued at $124,625,000 after purchasing an additional 748,661 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 0.9 %

Shares of CHRW stock traded up $0.87 on Thursday, hitting $99.49. The stock had a trading volume of 853,960 shares, compared to its average volume of 1,187,270. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The firm has a market capitalization of $11.76 billion, a P/E ratio of 25.84, a P/E/G ratio of 1.12 and a beta of 0.82. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $114.82. The company's 50 day moving average price is $103.91 and its 200-day moving average price is $104.65.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Analysts anticipate that C.H. Robinson Worldwide will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.49%. C.H. Robinson Worldwide's payout ratio is 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.