C.H. Robinson Worldwide (NASDAQ:CHRW) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a report released on Friday, MarketBeat Ratings reports. The firm issued a buy rating and a $129.00 target price on the transportation company’s stock.

A number of other brokerages have also commented on CHRW. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Friday, January 31st. Benchmark restated a “buy” rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Bank of America lowered their price objective on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Stephens reiterated an “equal weight” rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.79.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $102.45 on Friday. The stock’s 50-day moving average is $101.69 and its two-hundred day moving average is $104.64. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The firm has a market cap of $12.16 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. On average, analysts anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is 64.42%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock valued at $1,513,656 over the last ninety days. Insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in C.H. Robinson Worldwide by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company’s stock worth $1,501,774,000 after purchasing an additional 251,943 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in C.H. Robinson Worldwide by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock worth $428,554,000 after purchasing an additional 191,611 shares during the period. Geode Capital Management LLC increased its position in C.H. Robinson Worldwide by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company’s stock worth $326,549,000 after buying an additional 64,019 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock valued at $310,742,000 after buying an additional 3,004,338 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of C.H. Robinson Worldwide by 25.7% during the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock worth $299,582,000 after acquiring an additional 593,211 shares during the period. Institutional investors own 93.15% of the company’s stock.

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.