C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $114.29 Consensus Target Price from Analysts

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-two ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $114.29.

A number of analysts recently issued reports on the company. UBS Group decreased their price objective on C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating on the stock in a research note on Thursday, July 3rd. Baird R W raised shares of C.H. Robinson Worldwide to a "hold" rating in a research report on Tuesday, July 1st. Wolfe Research raised C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research report on Tuesday, July 1st. TD Securities upped their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Finally, Barclays lowered their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st.

Insiders Place Their Bets

In related news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the transaction, the insider owned 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors have recently bought and sold shares of CHRW. Townsend Asset Management Corp NC ADV purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter worth approximately $780,000. Twelve Points Wealth Management LLC raised its holdings in C.H. Robinson Worldwide by 2.8% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 13,749 shares of the transportation company's stock valued at $1,319,000 after buying an additional 376 shares during the period. ORG Partners LLC lifted its holdings in shares of C.H. Robinson Worldwide by 9.6% in the 2nd quarter. ORG Partners LLC now owns 1,788 shares of the transportation company's stock worth $172,000 after acquiring an additional 157 shares during the last quarter. Patton Fund Management Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $235,000. Finally, Vision Capital Management Inc. grew its position in C.H. Robinson Worldwide by 3.7% in the 2nd quarter. Vision Capital Management Inc. now owns 17,506 shares of the transportation company's stock valued at $1,680,000 after acquiring an additional 626 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW traded up $0.88 during trading hours on Friday, reaching $97.94. 933,753 shares of the company were exchanged, compared to its average volume of 1,287,629. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $11.63 billion, a P/E ratio of 23.43, a P/E/G ratio of 1.60 and a beta of 0.89. C.H. Robinson Worldwide has a 1 year low of $84.68 and a 1 year high of $114.82. The business's 50 day simple moving average is $95.94 and its 200-day simple moving average is $97.44.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The business's revenue for the quarter was down 8.3% on a year-over-year basis. During the same period last year, the business posted $0.86 earnings per share. On average, equities research analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 59.33%.

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.