Analysts Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) PT at $112.88

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has earned an average recommendation of “Hold” from the nineteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $112.88.

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lifted their price objective on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. BMO Capital Markets increased their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. Finally, Stifel Nicolaus increased their price objective on shares of C.H. Robinson Worldwide from $107.00 to $112.00 and gave the stock a “hold” rating in a research note on Monday, December 16th.

C.H. Robinson Worldwide Trading Down 0.4 %

Shares of NASDAQ:CHRW opened at $103.89 on Wednesday. The company has a 50-day simple moving average of $107.36 and a 200 day simple moving average of $100.75. The company has a market capitalization of $12.28 billion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. Sell-side analysts forecast that C.H. Robinson Worldwide will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 85.81%.

Insider Activity

In related news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of CHRW. Bank of New York Mellon Corp grew its position in C.H. Robinson Worldwide by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company’s stock valued at $115,921,000 after purchasing an additional 34,632 shares during the period. Atomi Financial Group Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth about $221,000. Cambridge Investment Research Advisors Inc. bought a new position in C.H. Robinson Worldwide in the 2nd quarter valued at about $3,313,000. HB Wealth Management LLC acquired a new position in C.H. Robinson Worldwide during the 2nd quarter valued at about $284,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in C.H. Robinson Worldwide by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,988 shares of the transportation company’s stock worth $4,846,000 after purchasing an additional 6,735 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

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.