Brokerages Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) PT at $181.29

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned an average rating of “Moderate Buy” from the twenty-four brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $181.2917.

Several analysts have recently commented on CHRW shares. JPMorgan Chase & Co. upped their price objective on shares of C.H. Robinson Worldwide from $166.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Benchmark upped their price target on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 29th. UBS Group set a $160.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, January 29th. Loop Capital set a $206.00 target price on C.H. Robinson Worldwide in a research note on Monday, February 2nd. Finally, Susquehanna raised their target price on C.H. Robinson Worldwide from $210.00 to $220.00 and gave the stock a “positive” rating in a report on Thursday, January 29th.

C.H. Robinson Worldwide Stock Down 0.8%

Shares of CHRW stock opened at $175.91 on Monday. C.H. Robinson Worldwide has a fifty-two week low of $84.68 and a fifty-two week high of $203.34. The firm has a market capitalization of $20.87 billion, a PE ratio of 36.42, a P/E/G ratio of 1.87 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The stock’s 50-day simple moving average is $177.36 and its 200-day simple moving average is $152.09.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue was down 6.5% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is currently 52.17%.

Insider Activity

In other news, insider Michael D. Castagnetto purchased 594 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were bought at an average price of $168.24 per share, for a total transaction of $99,934.56. Following the completion of the transaction, the insider owned 35,488 shares in the company, valued at $5,970,501.12. This represents a 1.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael John Short sold 6,368 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the transaction, the insider owned 52,101 shares of the company’s stock, valued at approximately $10,487,931.30. This trade represents a 10.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders bought 2,422 shares of company stock valued at $400,801 and sold 21,416 shares valued at $4,157,630. 1.47% of the stock is currently owned by corporate insiders.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors have recently bought and sold shares of the business. Transcend Capital Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter worth approximately $460,000. Raiffeisen Bank International AG acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $937,000. TD Waterhouse Canada Inc. lifted its holdings in C.H. Robinson Worldwide by 8,726.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock valued at $2,341,000 after purchasing an additional 17,452 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in C.H. Robinson Worldwide by 91.8% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,774 shares of the transportation company’s stock worth $1,559,000 after purchasing an additional 5,634 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $118,976,000. 93.15% of the stock is owned by institutional investors and hedge funds.

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.