C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $117.79 Average Target Price from Brokerages

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has earned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $117.65.

A number of research firms have commented on CHRW. Truist Financial began coverage on C.H. Robinson Worldwide in a report on Thursday. They issued a “buy” rating and a $115.00 target price for the company. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $118.00 to $130.00 in a report on Monday, December 9th. Bank of America reduced their target price on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Raymond James reduced their target price on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, BMO Capital Markets lifted their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,048 shares of company stock worth $1,513,656. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of C.H. Robinson Worldwide by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company’s stock valued at $1,501,774,000 after acquiring an additional 251,943 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of C.H. Robinson Worldwide by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock worth $428,554,000 after purchasing an additional 191,611 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company’s stock worth $326,549,000 after purchasing an additional 64,019 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after purchasing an additional 3,004,338 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of C.H. Robinson Worldwide by 25.7% in the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock worth $299,582,000 after purchasing an additional 593,211 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Up 2.1 %

CHRW stock opened at $98.38 on Monday. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The firm has a market cap of $11.68 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The business has a 50 day moving average of $101.13 and a 200 day moving average of $104.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. On average, research analysts forecast that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.52%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

About C.H. Robinson Worldwide

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.