C.H. Robinson Worldwide Inc (NASDAQ:CHRW) has been assigned an average rating of “Hold” from the nineteen analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $92.50.
Several equities analysts recently weighed in on the company. Zacks Investment Research lowered Hope Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Citigroup lowered BCE from a “buy” rating to a “neutral” rating in a research note on Thursday, May 2nd. Morgan Stanley set a $36.00 price target on ArcBest and gave the company a “hold” rating in a research note on Monday. BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus set a $95.00 price target on C.H. Robinson Worldwide and gave the company a “buy” rating in a research note on Friday, May 3rd.
Shares of C.H. Robinson Worldwide stock traded up $2.22 on Friday, hitting $85.06. The company’s stock had a trading volume of 1,216,794 shares, compared to its average volume of 1,232,978. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.81. C.H. Robinson Worldwide has a 1 year low of $77.72 and a 1 year high of $101.20. The firm’s fifty day moving average is $82.10. The firm has a market cap of $11.22 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.85 and a beta of 0.63.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, June 6th. C.H. Robinson Worldwide’s payout ratio is 42.28%.
In other news, CEO Robert C. Biesterfeld, Jr. acquired 1,202 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average cost of $83.18 per share, for a total transaction of $99,982.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.65% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Farmers National Bank acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $26,000. Bremer Bank National Association acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $36,000. JOYN Advisors Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 102.2% during the 4th quarter. JOYN Advisors Inc. now owns 542 shares of the transportation company’s stock worth $46,000 after purchasing an additional 274 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of C.H. Robinson Worldwide by 32.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 572 shares of the transportation company’s stock worth $50,000 after purchasing an additional 140 shares during the last quarter. Finally, Rational Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $55,000. Institutional investors and hedge funds own 85.68% of the company’s stock.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.
Featured Story: How are the companies in the S&P 500 selected?
Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.