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

C.H. Robinson Worldwide (NASDAQ:CHRW) posted its earnings results on Wednesday. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating 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 Price Performance

NASDAQ:CHRW opened at $107.93 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $12.76 billion, a P/E ratio of 37.35, a PEG ratio of 0.87 and a beta of 0.83. The company has a fifty day moving average price of $105.85 and a 200 day moving average price of $103.75. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82.

C.H. Robinson Worldwide Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. 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. TD Cowen lifted their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Robert W. Baird boosted their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. The Goldman Sachs Group raised their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Evercore ISI upped their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $114.41.

Insiders Place Their Bets

In other news, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the sale, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael John Short sold 10,408 shares of the stock in a transaction on 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 transaction, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.47% 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.