Brokerages Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Target Price at $119.38

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have been assigned an average rating of “Moderate Buy” from the twenty-two research firms that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $124.6190.

CHRW has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday. Stifel Nicolaus upped their price objective on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Wells Fargo & Company upped their price objective on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Robert W. Baird upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Thursday, July 31st.

C.H. Robinson Worldwide Stock Up 1.6%

CHRW stock opened at $134.77 on Friday. C.H. Robinson Worldwide has a 52-week low of $84.68 and a 52-week high of $138.00. The company’s 50 day simple moving average is $124.52 and its 200-day simple moving average is $105.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $15.91 billion, a P/E ratio of 30.70, a P/E/G ratio of 2.08 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the previous year, the business earned $1.15 earnings per share. The firm’s revenue was down 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 56.49%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the transaction, the insider owned 65,728 shares in the company, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Arun Rajan sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the transaction, the insider owned 130,591 shares in the company, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,577 shares of company stock worth $1,714,544. 1.47% of the stock is currently owned by company insiders.

Institutional Trading of C.H. Robinson Worldwide

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in C.H. Robinson Worldwide by 0.4% in the second quarter. Vanguard Group Inc. now owns 14,642,930 shares of the transportation company’s stock worth $1,404,989,000 after acquiring an additional 56,549 shares in the last quarter. State Street Corp grew its position in C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after acquiring an additional 397,177 shares in the last quarter. Boston Partners grew its position in C.H. Robinson Worldwide by 53.0% in the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock worth $340,646,000 after acquiring an additional 1,218,968 shares in the last quarter. Invesco Ltd. grew its position in C.H. Robinson Worldwide by 5.1% in the second quarter. Invesco Ltd. now owns 2,402,945 shares of the transportation company’s stock worth $230,563,000 after acquiring an additional 117,222 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in C.H. Robinson Worldwide by 78.3% in the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock worth $193,219,000 after acquiring an additional 884,160 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

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.