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

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

A number of brokerages have issued reports on CHRW. Stifel Nicolaus boosted their price objective on shares of C.H. Robinson Worldwide from $107.00 to $112.00 and gave the company a “hold” rating in a research report on Monday, December 16th. UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price target for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, November 1st. BMO Capital Markets lifted their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research report on Friday, December 13th. Finally, Barclays increased their target price on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th.

C.H. Robinson Worldwide Stock Down 0.4 %

NASDAQ CHRW opened at $103.89 on Wednesday. The business’s 50-day moving average is $107.36 and its 200 day moving average is $100.86. The stock has a market capitalization of $12.28 billion, a PE ratio of 35.95, a PEG ratio of 1.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a yield of 2.39%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 85.81%.

Insider Activity

In related news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of CHRW. D.A. Davidson & CO. boosted its position in shares of C.H. Robinson Worldwide by 7.1% during the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after buying an additional 443 shares during the last quarter. Chesapeake Capital Corp IL purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $835,000. Franklin Resources Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 59.6% during the 3rd quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock valued at $8,074,000 after acquiring an additional 27,370 shares during the last quarter. abrdn plc grew its stake in shares of C.H. Robinson Worldwide by 2.6% in the third quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock worth $55,818,000 after acquiring an additional 12,992 shares during the period. Finally, Forsta AP Fonden raised its holdings in shares of C.H. Robinson Worldwide by 113.2% during the third quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company’s stock valued at $9,106,000 after purchasing an additional 43,800 shares during the last quarter. Institutional investors 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.