Analysts Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) PT at $181.29

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have earned an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $181.2917.

A number of equities research analysts have weighed in on the company. UBS Group set a $160.00 target price on C.H. Robinson Worldwide in a research report on Thursday, January 29th. TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $165.00 to $194.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Barclays upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $145.00 to $200.00 in a report on Tuesday, December 16th. Loop Capital set a $206.00 price objective on shares of C.H. Robinson Worldwide in a report on Monday, February 2nd. Finally, Robert W. Baird set a $203.00 target price on C.H. Robinson Worldwide in a report on Thursday, January 29th.

Insider Activity

In related news, insider Michael John Short sold 6,368 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the sale, the insider owned 52,101 shares of the company’s stock, valued at $10,487,931.30. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David P. Bozeman acquired 1,223 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were acquired at an average price of $163.34 per share, with a total value of $199,764.82. Following the acquisition, the chief executive officer owned 190,600 shares in the company, valued at approximately $31,132,604. The trade was a 0.65% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 2,422 shares of company stock worth $400,801 and have sold 21,416 shares worth $4,157,630. Insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in shares of C.H. Robinson Worldwide by 3.2% during the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after buying an additional 24,788 shares during the period. United Services Automobile Association purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth $259,000. Empowered Funds LLC lifted its position in C.H. Robinson Worldwide by 2.3% during the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock worth $1,589,000 after acquiring an additional 350 shares during the period. Woodline Partners LP increased its holdings in shares of C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 2,930 shares during the period. Finally, Focus Partners Wealth raised its stake in shares of C.H. Robinson Worldwide by 9.9% in the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after purchasing an additional 359 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 0.6%

Shares of CHRW opened at $185.25 on Monday. The firm has a market capitalization of $21.97 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 1.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. C.H. Robinson Worldwide has a 1-year low of $84.68 and a 1-year high of $203.34. The company has a 50-day moving average of $178.11 and a 200 day moving average of $153.26.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 EPS. On average, research analysts expect that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 52.17%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.