C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $114.65 Average Target Price from Brokerages

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $114.71.

Several research analysts have commented on the stock. Evercore ISI raised their target price 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. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. Robert W. Baird boosted their target price on shares of 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. Raymond James raised C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $123.00 target price for the company in a research report on Friday, January 10th. Finally, Susquehanna raised C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $115.00 to $130.00 in a research note on Friday, January 3rd.

Insider Activity at C.H. Robinson Worldwide

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC increased its position in C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after acquiring an additional 111 shares during the period. Missouri Trust & Investment Co bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth about $41,000. Quarry LP raised its position in shares of C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after buying an additional 171 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after buying an additional 316 shares during the period. Finally, Eastern Bank acquired a new stake in C.H. Robinson Worldwide during the third quarter worth about $54,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Trading Up 1.7 %

Shares of NASDAQ:CHRW opened at $107.00 on Friday. The stock has a market capitalization of $12.65 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 0.87 and a beta of 0.83. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $114.82. The company has a 50 day moving average price of $105.92 and a 200 day moving average price of $103.00. 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 (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the previous year, the firm posted $0.84 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts anticipate that C.H. Robinson Worldwide will post 4.39 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.32%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 85.81%.

About C.H. Robinson Worldwide

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.