Analysts Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Price Target at $117.79

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has received a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $117.65.

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a “buy” rating and a $129.00 price objective on the stock. TD Cowen increased their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Benchmark reiterated a “buy” rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Finally, Robert W. Baird increased their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, December 13th.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was 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. This trade represents a 9.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. National Pension Service purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $33,000. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at approximately $41,000. Finally, Mainstream Capital Management LLC bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $98.38 on Monday. The firm has a market capitalization of $11.68 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.16 and a beta of 0.83. 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 stock’s 50-day simple moving average is $101.13 and its two-hundred day simple moving average is $104.54. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

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.