Several other analysts have also commented on CHRW. Barclays reissued a hold rating and set a $95.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, October 3rd. Morgan Stanley set a $65.00 target price on shares of C.H. Robinson Worldwide and gave the company a sell rating in a research note on Monday, July 8th. Finally, Citigroup lowered shares of C.H. Robinson Worldwide from a buy rating to a neutral rating and set a $88.00 target price for the company. in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $86.63.
CHRW stock opened at $86.56 on Tuesday. C.H. Robinson Worldwide has a 12 month low of $77.72 and a 12 month high of $94.34. The firm has a market cap of $11.73 billion, a PE ratio of 18.30, a P/E/G ratio of 2.03 and a beta of 0.65. The firm has a 50 day simple moving average of $84.56 and a 200 day simple moving average of $84.18. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.81 and a quick ratio of 1.81.
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.00 annualized dividend and a dividend yield of 2.31%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 42.28%.
In related news, insider John Wiehoff sold 8,392 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $85.93, for a total value of $721,124.56. Following the completion of the sale, the insider now owns 34,499 shares in the company, valued at approximately $2,964,499.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 16,356 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $84.88, for a total transaction of $1,388,297.28. Following the completion of the sale, the insider now owns 47,594 shares of the company’s stock, valued at approximately $4,039,778.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,173 shares of company stock valued at $3,825,122. 1.65% of the stock is owned by insiders.
Several large investors have recently modified their holdings of CHRW. First Trust Advisors LP lifted its position in shares of C.H. Robinson Worldwide by 16.7% in the 1st quarter. First Trust Advisors LP now owns 458,604 shares of the transportation company’s stock valued at $39,894,000 after acquiring an additional 65,788 shares in the last quarter. Clearbridge Investments LLC increased its stake in C.H. Robinson Worldwide by 3.5% in the 1st quarter. Clearbridge Investments LLC now owns 438,350 shares of the transportation company’s stock valued at $38,132,000 after buying an additional 14,904 shares during the period. Cerebellum GP LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at approximately $314,000. Cleararc Capital Inc. acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at approximately $288,000. Finally, FMR LLC increased its stake in C.H. Robinson Worldwide by 1.4% in the 1st quarter. FMR LLC now owns 8,125,920 shares of the transportation company’s stock valued at $706,873,000 after buying an additional 111,607 shares during the period. Institutional investors and hedge funds own 90.91% 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.
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