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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have earned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $181.2917.

CHRW has been the topic of a number of recent research reports. Bank of America upped their target price on shares of C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, December 24th. Barclays raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $145.00 to $200.00 in a research note on Tuesday, December 16th. Truist Financial upped their price objective on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Loop Capital set a $206.00 target price on shares of C.H. Robinson Worldwide in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of C.H. Robinson Worldwide from $166.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, January 12th.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $167.66 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. C.H. Robinson Worldwide has a fifty-two week low of $84.68 and a fifty-two week high of $203.34. The firm has a market cap of $19.89 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 1.79 and a beta of 0.90. The business has a 50 day moving average price of $181.56 and a 200-day moving average price of $159.47.

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

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 52.17%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, CEO David P. Bozeman bought 1,223 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were acquired at an average cost of $163.34 per share, with a total value of $199,764.82. Following the completion of the acquisition, the chief executive officer owned 190,600 shares of the company’s stock, valued at $31,132,604. The trade was a 0.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Castagnetto sold 2,849 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $194.20, for a total value of $553,275.80. Following the completion of the sale, the insider directly owned 28,149 shares in the company, valued at approximately $5,466,535.80. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have bought 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. 1.47% of the stock is owned by corporate insiders.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of C.H. Robinson Worldwide by 0.4% in the second quarter. Vanguard Group Inc. now owns 14,642,930 shares of the transportation company’s stock worth $1,404,989,000 after purchasing an additional 56,549 shares during the last quarter. State Street Corp increased its holdings in C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after buying an additional 397,177 shares in the last quarter. Wellington Management Group LLP increased its holdings in C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after buying an additional 4,751,034 shares in the last quarter. Boston Partners raised its position in C.H. Robinson Worldwide by 6.1% in the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after buying an additional 213,245 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in C.H. Robinson Worldwide by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock worth $514,889,000 after buying an additional 16,961 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

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.