C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $117.17 Consensus Target Price from Analysts

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $117.17.

A number of brokerages recently issued reports on CHRW. JPMorgan Chase & Co. reduced their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $118.00 to $130.00 in a research report on Monday, December 9th. TD Cowen upped their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Friday, January 31st. Finally, Robert W. Baird upped their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th.

Insider Activity at C.H. Robinson Worldwide

In related news, 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 value of $210,941.92. Following the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at $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 available through this hyperlink. 1.47% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $810,000. D.A. Davidson & CO. lifted its stake in shares of C.H. Robinson Worldwide by 7.1% during the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after buying an additional 443 shares during the period. Chesapeake Capital Corp IL acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $835,000. Northstar Advisory Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $587,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after purchasing an additional 36,769 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 0.9 %

NASDAQ CHRW opened at $99.49 on Thursday. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.12 and a beta of 0.82. The stock’s 50-day simple moving average is $103.91 and its two-hundred day simple moving average is $104.54. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data 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 return on equity of 34.53% and a net margin of 2.63%. Research analysts forecast that C.H. Robinson Worldwide will post 4.82 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

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.