C.H. Robinson Worldwide (NASDAQ:CHRW) Coverage Initiated by Analysts at Robert W. Baird

Robert W. Baird initiated coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a report published on Tuesday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $105.00 target price on the transportation company’s stock.

Several other research analysts have also commented on the stock. Truist Financial began coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a “buy” rating and a $115.00 price target for the company. Raymond James Financial decreased their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Susquehanna reissued a “positive” rating and set a $120.00 target price (up from $115.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 24th. TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. Finally, Wolfe Research raised shares of C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.55.

C.H. Robinson Worldwide Price Performance

CHRW opened at $98.31 on Tuesday. The company has a 50-day moving average of $94.22 and a 200-day moving average of $97.94. The company has a market capitalization of $11.67 billion, a P/E ratio of 23.52, a PEG ratio of 1.57 and a beta of 0.89. C.H. Robinson Worldwide has a 1-year low of $84.24 and a 1-year high of $114.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. The company’s revenue was down 8.3% on a year-over-year basis. Equities analysts expect that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.52%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 59.33%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider directly owned 71,441 shares in the company, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. North Capital Inc. acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at $25,000. NBC Securities Inc. acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at $27,000. First Financial Corp IN bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $31,000. WPG Advisers LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $32,000. Finally, Mainstream Capital Management LLC bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $41,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.