C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $118.89 Consensus Target Price from Brokerages

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-one brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $118.47.

Several equities research analysts recently weighed in on CHRW shares. Wells Fargo & Company decreased their price objective on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Citigroup lowered their price target on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a research report on Tuesday. Robert W. Baird raised their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Bank of America lowered their target price on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Susquehanna cut their price target on C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating for the company in a report on Wednesday, March 26th.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction 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 sale, the insider now owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CHRW. Rhumbline Advisers lifted its stake in shares of C.H. Robinson Worldwide by 11.0% in the 1st quarter. Rhumbline Advisers now owns 244,737 shares of the transportation company's stock valued at $25,061,000 after acquiring an additional 24,232 shares during the last quarter. Cascade Investment Advisors Inc. lifted its position in C.H. Robinson Worldwide by 1.3% in the first quarter. Cascade Investment Advisors Inc. now owns 16,187 shares of the transportation company's stock valued at $1,658,000 after purchasing an additional 200 shares during the last quarter. Lantz Financial LLC bought a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $952,000. Summit Global Investments purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $753,000. Finally, GAMMA Investing LLC grew its holdings in shares of C.H. Robinson Worldwide by 7,706.1% in the first quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock worth $46,578,000 after purchasing an additional 449,034 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

CHRW traded down $2.21 during trading on Friday, hitting $86.96. 1,790,402 shares of the company traded hands, compared to its average volume of 1,407,004. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82. The stock's fifty day moving average is $98.59 and its 200 day moving average is $104.02. 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 $10.28 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results 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 net margin of 2.63% and a return on equity of 34.53%. As a group, equities analysts predict that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is currently 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.