C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $192.27 Average Target Price from Brokerages

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned an average rating of “Moderate Buy” from the twenty-two research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $192.2727.

Several equities research analysts recently issued reports on the stock. Evercore raised their target price on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Benchmark boosted their target price on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. increased their price target on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Citigroup raised their price target on C.H. Robinson Worldwide from $191.00 to $199.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a report on Friday, May 1st.

Insider Activity

In other C.H. Robinson Worldwide news, insider Arun Rajan purchased 605 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 12th. The stock was purchased at an average price of $167.11 per share, with a total value of $101,101.55. Following the transaction, the insider directly owned 133,656 shares of the company’s stock, valued at $22,335,254.16. This trade represents a 0.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David P. Bozeman acquired 1,223 shares of the stock in a transaction dated Thursday, February 12th. The stock was acquired at an average price of $163.34 per share, for a total transaction of $199,764.82. Following the purchase, the chief executive officer directly owned 190,600 shares in the company, valued at approximately $31,132,604. This trade represents a 0.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 2,422 shares of company stock valued at $400,801 in the last quarter. 0.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CHRW. Goldman Sachs Group Inc. raised its holdings in C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after purchasing an additional 24,788 shares during the period. United Services Automobile Association purchased a new position in C.H. Robinson Worldwide during the first quarter valued at $259,000. Empowered Funds LLC grew its holdings in C.H. Robinson Worldwide by 2.3% during the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after purchasing an additional 350 shares during the period. Woodline Partners LP increased its position in C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after buying an additional 2,930 shares in the last quarter. Finally, Focus Partners Wealth increased its position in C.H. Robinson Worldwide by 9.9% in the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after buying an additional 359 shares in the last quarter. 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 $169.98 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $20.04 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 1.71 and a beta of 0.94. The business has a 50-day simple moving average of $174.70 and a two-hundred day simple moving average of $168.84. C.H. Robinson Worldwide has a fifty-two week low of $92.36 and a fifty-two week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $1.17 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. On average, analysts expect that C.H. Robinson Worldwide will post 6.07 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.

C.H. Robinson Worldwide Company Profile

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.