C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $149.48 Consensus PT from Analysts

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have received a consensus rating of “Moderate Buy” from the twenty-six analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $150.1304.

Several research analysts have recently issued reports on the stock. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $115.00 to $138.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Bank of America upped their target price on C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, December 24th. Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft upped their price objective on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Finally, Truist Financial raised their price objective on shares of C.H. Robinson Worldwide from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 30th.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael John Short sold 2,390 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $161.91, for a total value of $386,964.90. Following the transaction, the insider directly owned 55,158 shares of the company’s stock, valued at approximately $8,930,631.78. This represents a 4.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 97,540 shares of company stock valued at $14,721,951 over the last 90 days. 0.91% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors have recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $27,000. Clearstead Advisors LLC increased its position in shares of 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 buying an additional 128 shares during the period. Arlington Trust Co LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth $34,000. Measured Wealth Private Client Group LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at $34,000. Finally, Quent Capital LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at $37,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Up 0.3%

Shares of NASDAQ CHRW opened at $167.67 on Friday. The company has a market cap of $19.81 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.81 and a beta of 0.91. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.64. C.H. Robinson Worldwide has a 12 month low of $84.68 and a 12 month high of $168.17. The stock has a 50-day moving average price of $157.08 and a two-hundred day moving average price of $131.97.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The firm’s revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 EPS. As a group, analysts forecast that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date was Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.12%.

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.