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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have earned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $100.58.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $113.00 price objective for the company. in a report on Tuesday, January 4th. Robert W. Baird reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Thursday, October 28th. Vertical Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, October 11th. Wolfe Research raised shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $124.00 price target on the stock in a research report on Thursday, January 6th. Finally, Wells Fargo & Company increased their price target on shares of C.H. Robinson Worldwide from $85.00 to $92.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 27th.

In related news, insider Chris Obrien sold 9,302 shares of the stock in a transaction on Monday, November 8th. The shares were sold at an average price of $94.32, for a total transaction of $877,364.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ben G. Campbell sold 19,776 shares of the company’s stock in a transaction on Tuesday, December 7th. The stock was sold at an average price of $100.00, for a total transaction of $1,977,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,154 shares of company stock valued at $5,759,753. Corporate insiders own 0.95% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Koshinski Asset Management Inc. acquired a new stake in C.H. Robinson Worldwide during the third quarter worth about $61,000. Jacobi Capital Management LLC raised its holdings in C.H. Robinson Worldwide by 18.8% in the 2nd quarter. Jacobi Capital Management LLC now owns 719 shares of the transportation company’s stock valued at $67,000 after buying an additional 114 shares during the last quarter. True Link Financial Advisors LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $78,000. Moors & Cabot Inc. bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $91,000. Finally, Berman Capital Advisors LLC raised its holdings in C.H. Robinson Worldwide by 213.4% in the 3rd quarter. Berman Capital Advisors LLC now owns 1,260 shares of the transportation company’s stock valued at $108,000 after buying an additional 858 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Shares of NASDAQ:CHRW opened at $108.29 on Friday. The business’s 50 day simple moving average is $101.14 and its 200-day simple moving average is $94.90. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.91 and a beta of 0.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.36 and a quick ratio of 1.36. C.H. Robinson Worldwide has a 12 month low of $84.67 and a 12 month high of $112.15.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, October 26th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.43. C.H. Robinson Worldwide had a return on equity of 40.08% and a net margin of 3.60%. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $1.00 EPS. The company’s quarterly revenue was up 48.3% compared to the same quarter last year. On average, equities analysts anticipate that C.H. Robinson Worldwide will post 6.36 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 3rd. Investors of record on Wednesday, December 15th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, December 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.03%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.51. C.H. Robinson Worldwide’s payout ratio is currently 38.94%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.

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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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