C.H. Robinson Worldwide (NASDAQ:CHRW) Earns Neutral Rating from Analysts at Citigroup

Citigroup initiated coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $115.00 price objective on the transportation company’s stock.

Several other equities research analysts have also commented on the stock. Robert W. Baird boosted their price target on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a neutral rating in a report on Thursday, August 1st. UBS Group raised shares of C.H. Robinson Worldwide from a neutral rating to a buy rating and raised their price target for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Susquehanna lifted their price objective on C.H. Robinson Worldwide from $95.00 to $120.00 and gave the stock a neutral rating in a report on Thursday, September 26th. Vertical Research raised C.H. Robinson Worldwide from a sell rating to a buy rating and set a $102.00 target price for the company in a report on Tuesday, July 9th. Finally, Baird R W raised C.H. Robinson Worldwide to a hold rating in a research note on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and an average target price of $100.29.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $110.17 on Wednesday. The company has a market capitalization of $12.92 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The company’s fifty day moving average price is $103.05 and its 200 day moving average price is $89.43. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $110.51.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. C.H. Robinson Worldwide’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 earnings per share. On average, research analysts predict that C.H. Robinson Worldwide will post 4.13 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Friday, September 6th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s payout ratio is presently 89.53%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide 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 transaction of $1,071,751.72. Following the completion of the sale, the insider now owns 70,943 shares of the company’s stock, valued at $6,979,372.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Central Pacific Bank Trust Division raised its position in C.H. Robinson Worldwide by 13.6% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 120 shares during the period. Empirical Finance LLC raised its holdings in shares of C.H. Robinson Worldwide by 3.4% in the 1st quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock valued at $325,000 after buying an additional 140 shares during the period. Quent Capital LLC boosted its holdings in C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 146 shares during the period. Redwood Investment Management LLC boosted its holdings in C.H. Robinson Worldwide by 0.6% during the 1st quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock valued at $2,143,000 after acquiring an additional 165 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake 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 during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

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.