C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Given Average Rating of “Moderate Buy” by Brokerages

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has earned an average recommendation of “Moderate Buy” from the twenty-six brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has assigned a strong 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 $143.3478.

Several research analysts recently weighed in on CHRW shares. Citigroup cut C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and lifted their price target for the company from $134.00 to $148.00 in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a report on Wednesday, October 8th. Susquehanna set a $165.00 price target on shares of C.H. Robinson Worldwide and gave the stock a “positive” rating in a report on Wednesday, September 24th. Morgan Stanley lifted their price objective on shares of C.H. Robinson Worldwide from $77.00 to $85.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Finally, UBS Group upped their price objective on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th.

C.H. Robinson Worldwide Stock Down 1.7%

NASDAQ:CHRW opened at $157.09 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.59 and a quick ratio of 1.59. The company’s fifty day moving average price is $145.15 and its 200-day moving average price is $123.77. C.H. Robinson Worldwide has a 1-year low of $84.68 and a 1-year high of $162.79. The firm has a market capitalization of $18.56 billion, a P/E ratio of 31.86, a PEG ratio of 2.15 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period last year, the firm earned $1.28 EPS. As a group, equities research analysts anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be given a dividend of $0.63 per share. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.12%.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 45,266 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the sale, the insider owned 34,046 shares of the company’s stock, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the transaction, the insider directly owned 65,728 shares in the company, valued at approximately $9,840,138.88. The trade was a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.91% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of CHRW. Vermillion & White Wealth Management Group LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $30,000. WPG Advisers LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter worth approximately $32,000. Clearstead Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors 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.