C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $100.29 Consensus Price Target from Analysts

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has earned a consensus recommendation of “Hold” from the twenty analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $100.29.

CHRW has been the subject of a number of research analyst reports. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. Benchmark lifted their target price on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 1st. TD Cowen increased their price target on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group raised their price objective on C.H. Robinson Worldwide from $90.00 to $97.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th.

C.H. Robinson Worldwide Stock Up 2.0 %

Shares of CHRW opened at $110.17 on Friday. The firm has a market cap of $12.92 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The company’s fifty day moving average is $103.05 and its two-hundred day moving average is $89.66. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $110.51.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. Analysts forecast that C.H. Robinson Worldwide will post 4.13 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a $0.62 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.25%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s payout ratio is presently 89.53%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently added to or reduced their stakes in CHRW. Exchange Traded Concepts LLC lifted its position in shares of C.H. Robinson Worldwide by 1,245.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,130 shares of the transportation company’s stock worth $125,000 after buying an additional 1,046 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in C.H. Robinson Worldwide by 10.2% in the third quarter. Gateway Investment Advisers LLC now owns 2,961 shares of the transportation company’s stock worth $327,000 after acquiring an additional 275 shares during the last quarter. Code Waechter LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $200,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $55,000. Finally, Brendel Financial Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 1.6% during the 3rd quarter. Brendel Financial Advisors LLC now owns 35,832 shares of the transportation company’s stock worth $3,955,000 after purchasing an additional 572 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

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.