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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned an average recommendation of “Hold” from the eighteen research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $93.67.

CHRW has been the subject of several analyst reports. Susquehanna boosted their target price on shares of C.H. Robinson Worldwide from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $87.00 to $110.00 in a research note on Thursday, August 1st. Wells Fargo & Company boosted their target price on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Baird R W upgraded shares of C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Robert W. Baird upped their price objective on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st.

Insider Activity

In related news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the sale, the insider now owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quent Capital LLC raised its holdings in C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in C.H. Robinson Worldwide by 168.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares in the last quarter. Montag A & Associates Inc. acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $30,000. UMB Bank n.a. raised its holdings in C.H. Robinson Worldwide by 147.0% during the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock worth $38,000 after purchasing an additional 294 shares in the last quarter. Finally, Evermay Wealth Management LLC raised its holdings in C.H. Robinson Worldwide by 336.0% during the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after purchasing an additional 420 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.3 %

CHRW stock opened at $103.96 on Thursday. The firm’s fifty day simple moving average is $92.81 and its 200-day simple moving average is $82.55. The company has a market capitalization of $12.17 billion, a P/E ratio of 41.09, a price-to-earnings-growth ratio of 2.63 and a beta of 0.80. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.37. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $105.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the firm earned $0.90 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts forecast that C.H. Robinson Worldwide will post 3.73 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be paid a $0.62 dividend. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date is Friday, September 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.39%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 98.02%.

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.