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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) has been given a consensus recommendation of "Hold" by the nineteen analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $106.25.

Several research analysts have recently commented on CHRW shares. Vertical Research upgraded C.H. Robinson Worldwide from a "sell" rating to a "buy" rating and set a $102.00 price objective on the stock in a report on Tuesday, July 9th. TD Cowen boosted their price objective on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Bank of America upgraded shares of C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and raised their target price for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and increased their price target for the company from $87.00 to $110.00 in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group boosted their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded up $2.28 during midday trading on Tuesday, reaching $104.93. The stock had a trading volume of 1,146,411 shares, compared to its average volume of 1,538,344. The company has a current ratio of 1.49, a quick ratio of 1.42 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $12.31 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 1.20 and a beta of 0.84. The company's 50-day moving average is $105.73 and its 200 day moving average is $93.72. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the firm posted $0.84 earnings per share. The business's revenue was up 7.0% compared to the same quarter last year. On average, equities analysts predict that C.H. Robinson Worldwide will post 4.28 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a dividend of $0.62 per share. The ex-dividend date was Friday, September 6th. This is an increase from C.H. Robinson Worldwide's previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a yield of 2.36%. C.H. Robinson Worldwide's dividend payout ratio is 85.81%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,894 shares of the firm's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at $6,979,372.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.18% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. First Eagle Investment Management LLC lifted its position in shares of C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company's stock worth $874,548,000 after purchasing an additional 2,003,158 shares during the last quarter. Interval Partners LP bought a new position in C.H. Robinson Worldwide in the second quarter worth approximately $82,581,000. Point72 Asset Management L.P. purchased a new position in C.H. Robinson Worldwide during the 2nd quarter worth $69,378,000. ProShare Advisors LLC raised its position in C.H. Robinson Worldwide by 26.3% during the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock valued at $222,837,000 after purchasing an additional 526,872 shares in the last quarter. Finally, Vest Financial LLC increased its stake in shares of C.H. Robinson Worldwide by 44.1% during the second quarter. Vest Financial LLC now owns 627,804 shares of the transportation company's stock valued at $55,322,000 after buying an additional 192,205 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

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.