C.H. Robinson Worldwide's (CHRW) Equal Weight Rating Reaffirmed at Stephens

Stephens reaffirmed their equal weight rating on shares of C.H. Robinson Worldwide (NASDAQ:CHRW - Free Report) in a report published on Thursday,Benzinga reports. The firm currently has a $111.00 price target on the transportation company's stock.

A number of other research analysts have also issued reports on the company. Evercore ISI increased their target price on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. BMO Capital Markets increased their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a "market perform" rating in a research report on Friday, December 13th. Stifel Nicolaus raised their price objective on C.H. Robinson Worldwide from $112.00 to $113.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Finally, Raymond James decreased their target price on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $117.17.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded down $1.21 during midday trading on Thursday, hitting $98.28. The company's stock had a trading volume of 732,429 shares, compared to its average volume of 1,117,666. The firm has a market cap of $11.62 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.15 and a beta of 0.82. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The firm's 50 day moving average is $105.52 and its 200-day moving average is $104.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Equities analysts anticipate that C.H. Robinson Worldwide will post 4.81 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.52%. The ex-dividend date was Friday, December 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 64.42%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the stock in a transaction 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 transaction, the insider now owns 70,943 shares of the company's stock, 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 SEC, which is available through this link. Also, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value 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 represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Paradigm Asset Management Co. LLC purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth about $889,000. Allianz Asset Management GmbH lifted its stake in shares of C.H. Robinson Worldwide by 52.0% in the fourth quarter. Allianz Asset Management GmbH now owns 320,890 shares of the transportation company's stock worth $33,154,000 after acquiring an additional 109,829 shares in the last quarter. Legacy Capital Group California Inc. lifted its stake in shares of C.H. Robinson Worldwide by 22.7% in the fourth quarter. Legacy Capital Group California Inc. now owns 6,162 shares of the transportation company's stock worth $637,000 after acquiring an additional 1,139 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of C.H. Robinson Worldwide by 40.2% in the fourth quarter. Handelsbanken Fonder AB now owns 35,200 shares of the transportation company's stock worth $3,637,000 after acquiring an additional 10,100 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its stake in shares of C.H. Robinson Worldwide by 0.7% in the fourth quarter. Alberta Investment Management Corp now owns 502,279 shares of the transportation company's stock worth $51,895,000 after acquiring an additional 3,600 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

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.