Brokerages Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Price Target at $186.43

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have earned a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $186.4348.

Several analysts have recently commented on the company. Sanford C. Bernstein raised their price target on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a “market perform” rating in a report on Friday, January 9th. Wells Fargo & Company raised their target price on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an “overweight” 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 report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $200.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of C.H. Robinson Worldwide in a research note on Monday.

Insiders Place Their Bets

In related news, insider Michael John Short sold 6,368 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $201.30, for a total value of $1,281,878.40. Following the completion of the transaction, the insider directly owned 52,101 shares of the company’s stock, valued at $10,487,931.30. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David P. Bozeman acquired 1,223 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 12th. The shares were purchased 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 disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 2,422 shares of company stock worth $400,801 and have sold 17,796 shares worth $3,555,415. 0.37% of the stock is currently owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Large investors have recently bought and sold shares of the company. Bank of Jackson Hole Trust acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $25,000. DV Equities LLC acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $27,000. Bayban acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $32,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $27,000. Finally, Western Pacific Wealth Management LP acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded down $1.10 during midday trading on Tuesday, reaching $182.85. 119,138 shares of the company were exchanged, compared to its average volume of 2,203,639. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. C.H. Robinson Worldwide has a 1 year low of $86.58 and a 1 year high of $203.34. The stock has a fifty day simple moving average of $175.50 and a 200 day simple moving average of $164.30. The stock has a market cap of $21.55 billion, a P/E ratio of 37.92, a PEG ratio of 1.89 and a beta of 0.93.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the company posted $1.21 earnings per share. The business’s revenue was down 6.5% on a year-over-year basis. On average, research analysts forecast that C.H. Robinson Worldwide will post 5.99 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is 52.17%.

C.H. Robinson Worldwide Company Profile

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.