C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives Consensus Recommendation of "Hold" from Analysts

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) have been assigned a consensus recommendation of "Hold" from the twenty analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $100.29.

Several research analysts recently issued reports on CHRW shares. Evercore ISI raised their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Baird R W raised shares of C.H. Robinson Worldwide to a "hold" rating in a report on Wednesday, July 3rd. Citigroup started coverage on shares of C.H. Robinson Worldwide in a report on Wednesday. They set a "neutral" rating and a $115.00 target price for the company. The Goldman Sachs Group raised their target price on shares of C.H. Robinson Worldwide from $90.00 to $97.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Vertical Research raised shares of C.H. Robinson Worldwide from a "sell" rating to a "buy" rating and set a $102.00 target price for the company in a report on Tuesday, July 9th.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded up $2.13 on Friday, hitting $110.17. 620,937 shares of the company were exchanged, compared to its average volume of 1,556,855. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $110.51. The stock's 50 day moving average price is $103.05 and its 200 day moving average price is $89.43. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $12.92 billion, a P/E ratio of 39.77, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts predict that C.H. Robinson Worldwide will post 4.13 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, September 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.25%. This is a boost from C.H. Robinson Worldwide's previous quarterly dividend of $0.61. C.H. Robinson Worldwide's payout ratio is currently 89.53%.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,894 shares of the business's stock in a transaction dated 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 directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of CHRW. Van ECK Associates Corp boosted its position in C.H. Robinson Worldwide by 13,682.5% during the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company's stock worth $202,723,000 after acquiring an additional 2,643,193 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company's stock valued at $874,548,000 after purchasing an additional 2,003,158 shares during the last quarter. Interval Partners LP acquired a new position in C.H. Robinson Worldwide in the 2nd quarter valued at about $82,581,000. Pzena Investment Management LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at about $66,474,000. Finally, Point72 Asset Management L.P. acquired a new position in C.H. Robinson Worldwide in the 2nd quarter valued at about $69,378,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

About C.H. Robinson Worldwide

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.