C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $117.20 Average Price Target from Analysts

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has earned a consensus rating of “Moderate Buy” from the twenty-two research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $114.38.

A number of research firms recently weighed in on CHRW. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research note on Friday, January 31st. Wells Fargo & Company dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Truist Financial started coverage on C.H. Robinson Worldwide in a research report on Thursday, March 13th. They issued a “buy” rating and a $115.00 price target on the stock. Jefferies Financial Group dropped their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, April 11th. Finally, Citigroup reduced their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $90.28 on Tuesday. The firm has a 50 day simple moving average of $95.55 and a 200 day simple moving average of $101.89. C.H. Robinson Worldwide has a fifty-two week low of $78.16 and a fifty-two week high of $114.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The firm has a market cap of $10.67 billion, a P/E ratio of 23.45, a P/E/G ratio of 1.16 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. Sell-side analysts predict that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared 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. The ex-dividend date was Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.75%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHRW. National Pension Service acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth approximately $25,000. North Capital Inc. bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $25,000. NBC Securities Inc. acquired a new stake in C.H. Robinson Worldwide during the 1st quarter valued at $27,000. First Financial Corp IN bought a new position in C.H. Robinson Worldwide during the first quarter worth $31,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $33,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.