C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $136.05 Consensus Price Target from Brokerages

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have been assigned a consensus rating of “Moderate Buy” from the twenty-three analysts that are covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $136.0476.

Several brokerages have recently weighed in on CHRW. Stifel Nicolaus upped their target price on C.H. Robinson Worldwide from $111.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Barclays raised C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $95.00 to $130.00 in a research note on Wednesday, October 1st. Truist Financial set a $150.00 price objective on C.H. Robinson Worldwide in a research note on Tuesday, October 14th. Wolfe Research raised C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a research note on Tuesday, July 1st. Finally, Citigroup downgraded C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and increased their price objective for the company from $134.00 to $148.00 in a research note on Wednesday, October 8th.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Arun Rajan sold 2,500 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider directly owned 130,591 shares of the company’s stock, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the transaction, the insider directly owned 60,401 shares of the company’s stock, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,577 shares of company stock valued at $1,714,544. 1.47% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of CHRW. North Capital Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth $25,000. CYBER HORNET ETFs LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth $30,000. WPG Advisers LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth $32,000. MUFG Securities EMEA plc acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth $34,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth $38,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Down 1.4%

Shares of CHRW stock opened at $125.41 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $14.81 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 1.76 and a beta of 0.90. The stock has a 50 day simple moving average of $129.36 and a 200-day simple moving average of $108.44. C.H. Robinson Worldwide has a 1-year low of $84.68 and a 1-year high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.12. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 EPS. On average, equities research analysts expect that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 56.49%.

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.