Analysts Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Price Target at $143.00

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has received a consensus recommendation of “Moderate Buy” from the twenty-six research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $143.00.

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $135.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Baird R W raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Stephens set a $173.00 target price on C.H. Robinson Worldwide in a research report on Thursday, October 30th. Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $151.36 on Friday. 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 firm has a 50-day moving average of $137.29 and a 200-day moving average of $116.23. C.H. Robinson Worldwide has a one year low of $84.68 and a one year high of $158.70. The company has a market cap of $17.88 billion, a P/E ratio of 30.70, a P/E/G ratio of 1.79 and a beta of 0.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 earnings per share. Equities research analysts forecast that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, December 5th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.12%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 45,266 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the sale, the insider directly owned 34,046 shares in the company, valued at $5,164,778.20. The trade was a 57.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Angela K. Freeman sold 49,884 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the transaction, the insider directly owned 65,728 shares in the company, valued at $9,840,138.88. This represents a 43.15% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHRW. Clearstead Advisors LLC boosted its position in C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares during the period. Arlington Trust Co LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $34,000. Quent Capital LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $37,000. Finally, CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $30,000. 93.15% of the stock is currently owned by 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.