C.H. Robinson Worldwide (NASDAQ:CHRW) Issues Earnings Results

C.H. Robinson Worldwide (NASDAQ:CHRW) issued its quarterly earnings results on Wednesday. The transportation company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11, Zacks reports. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%.

C.H. Robinson Worldwide Stock Performance

CHRW traded down $1.89 during trading on Wednesday, reaching $107.93. The company’s stock had a trading volume of 1,506,388 shares, compared to its average volume of 924,409. The company’s fifty day moving average price is $105.87 and its 200-day moving average price is $103.72. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 37.35, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $114.82.

C.H. Robinson Worldwide Announces Dividend

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

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. 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 2,032 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the sale, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of research analyst reports. Raymond James raised shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $123.00 price target for the company in a report on Friday, January 10th. Robert W. Baird boosted their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Susquehanna upgraded C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $115.00 to $130.00 in a research note on Friday, January 3rd. BMO Capital Markets lifted their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus increased their target price on shares of C.H. Robinson Worldwide from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.