C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $118.89 Average Target Price from Analysts

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have received a consensus rating of “Moderate Buy” from the twenty-one analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $118.89.

A number of research analysts have issued reports on CHRW shares. Bank of America cut their price objective on C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating for the company in a report on Friday, March 28th. Benchmark reissued a “buy” rating and set a $125.00 price target on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. TD Cowen upped their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Raymond James cut their target price on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a “buy” rating and a $129.00 price target on the stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $90.94 on Friday. The firm has a market capitalization of $10.75 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. 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 12-month low of $65.00 and a 12-month high of $114.82. The firm has a 50-day moving average price of $99.87 and a 200 day moving average price of $104.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. This represents a 9.41 % 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. National Pension Service acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $25,000. Proficio Capital Partners LLC acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $33,000. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. Mainstream Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. Finally, Quarry LP increased 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 worth $43,000 after acquiring an additional 171 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

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.