C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Given Consensus Rating of “Hold” by Analysts

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) has been assigned a consensus recommendation of “Hold” from the twenty-eight brokerages that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $101.33.

CHRW has been the topic of a number of analyst reports. Raymond James lowered C.H. Robinson Worldwide from a “market perform” rating to an “underperform” rating in a research report on Tuesday, November 15th. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, October 14th. JPMorgan Chase & Co. lowered C.H. Robinson Worldwide from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $103.00 to $90.00 in a research report on Wednesday, January 11th. Wells Fargo & Company reduced their price target on C.H. Robinson Worldwide from $94.00 to $90.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 12th. Finally, Bank of America lowered C.H. Robinson Worldwide from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $95.00 to $88.00 in a research report on Tuesday, January 17th.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $99.09 on Wednesday. C.H. Robinson Worldwide has a 12-month low of $86.57 and a 12-month high of $121.23. The business has a 50-day simple moving average of $94.71 and a two-hundred day simple moving average of $100.46. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.85. The stock has a market cap of $11.66 billion, a PE ratio of 12.03, a PEG ratio of 2.36 and a beta of 0.76.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last issued its earnings results on Wednesday, November 2nd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.37). C.H. Robinson Worldwide had a return on equity of 54.77% and a net margin of 4.11%. The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.37 billion. Analysts anticipate that C.H. Robinson Worldwide will post 7.79 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Friday, December 2nd were issued a $0.61 dividend. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $2.44 annualized dividend and a yield of 2.46%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.55. C.H. Robinson Worldwide’s dividend payout ratio is presently 29.61%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Jordan T. Kass sold 5,276 shares of the stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $97.73, for a total value of $515,623.48. Following the transaction, the insider now owns 45,603 shares in the company, valued at $4,456,781.19. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.64% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vision Capital Management Inc. raised its stake in shares of C.H. Robinson Worldwide by 0.6% in the third quarter. Vision Capital Management Inc. now owns 17,291 shares of the transportation company’s stock worth $1,665,000 after purchasing an additional 107 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 0.8% in the third quarter. Nisa Investment Advisors LLC now owns 15,397 shares of the transportation company’s stock worth $1,483,000 after purchasing an additional 115 shares during the last quarter. First Republic Investment Management Inc. raised its stake in shares of C.H. Robinson Worldwide by 0.8% in the first quarter. First Republic Investment Management Inc. now owns 15,472 shares of the transportation company’s stock worth $1,666,000 after purchasing an additional 116 shares during the last quarter. Phoenix Wealth Advisors raised its stake in shares of C.H. Robinson Worldwide by 6.0% in the second quarter. Phoenix Wealth Advisors now owns 2,330 shares of the transportation company’s stock worth $236,000 after purchasing an additional 132 shares during the last quarter. Finally, Benedict Financial Advisors Inc. raised its stake in shares of C.H. Robinson Worldwide by 0.9% in the second quarter. Benedict Financial Advisors Inc. now owns 15,589 shares of the transportation company’s stock worth $1,580,000 after purchasing an additional 137 shares during the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Company Profile

(Get Rating)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

Further Reading

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

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