C.H. Robinson Worldwide (NASDAQ:CHRW) Issues Earnings Results, Beats Expectations By $0.11 EPS

C.H. Robinson Worldwide (NASDAQ:CHRW) released its quarterly earnings data on Wednesday. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.10 by $0.11, Zacks reports. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%.

C.H. Robinson Worldwide Stock Down 1.7 %

Shares of C.H. Robinson Worldwide stock traded down $1.89 during trading on Wednesday, reaching $107.93. The company’s stock had a trading volume of 1,506,958 shares, compared to its average volume of 945,934. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 37.35, a P/E/G ratio of 0.87 and a beta of 0.83. The company has a 50-day simple moving average of $105.87 and a two-hundred day simple moving average of $103.72. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $114.82.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 annualized dividend and a yield of 2.30%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 85.81%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CHRW has been the subject of several analyst reports. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $140.00 in a report on Friday, October 4th. Barclays lifted their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. BMO Capital Markets raised their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research note on Friday, December 13th. Stifel Nicolaus upped their price target on C.H. Robinson Worldwide from $112.00 to $113.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Citigroup upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.71.

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.