Analysts Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Price Target at $118.89

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have been given a consensus rating of “Moderate Buy” by the twenty-one ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $118.47.

A number of research firms recently issued reports on CHRW. Wells Fargo & Company decreased their price target on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Citigroup lowered their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating for the company in a research note on Tuesday. Truist Financial started coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a “buy” rating and a $115.00 price target on the stock. Bank of America lowered their price objective on C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Finally, Susquehanna reduced their target price on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a “positive” rating on the stock in a research report on Wednesday, March 26th.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $86.96 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The firm has a market cap of $10.28 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.16 and a beta of 0.86. The business’s 50 day moving average price is $98.59 and its 200-day moving average price is $104.02. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. On average, equities research analysts anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is currently 64.42%.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. National Pension Service bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $25,000. Proficio Capital Partners LLC purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at approximately $33,000. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $41,000. Mainstream Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $41,000. Finally, Quarry LP grew its position in shares of C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 171 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

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.