Brokerages Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Target Price at $85.00

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Free Report) have received an average recommendation of “Reduce” from the ten ratings firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $85.00.

CHRW has been the subject of several analyst reports. Wells Fargo & Company dropped their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Thursday, February 1st. Morgan Stanley dropped their target price on shares of C.H. Robinson Worldwide from $62.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 2nd. Stifel Nicolaus boosted their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. TheStreet cut shares of C.H. Robinson Worldwide from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th. Finally, JPMorgan Chase & Co. dropped their target price on shares of C.H. Robinson Worldwide from $78.00 to $75.00 and set an “underweight” rating for the company in a research report on Thursday, February 1st.

View Our Latest Stock Report on C.H. Robinson Worldwide

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $74.52 on Friday. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 3.45 and a beta of 0.76. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.40. The company has a 50-day simple moving average of $84.96 and a 200 day simple moving average of $87.02. C.H. Robinson Worldwide has a 52 week low of $71.57 and a 52 week high of $106.36.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, November 30th. C.H. Robinson Worldwide’s dividend payout ratio is currently 90.04%.

Insider Activity

In other news, CEO David P. Bozeman acquired 1,807 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of $82.91 per share, with a total value of $149,818.37. Following the purchase, the chief executive officer now owns 144,391 shares in the company, valued at approximately $11,971,457.81. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Capital Advisors Ltd. LLC purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at about $33,000. abrdn plc raised its holdings in shares of C.H. Robinson Worldwide by 9.5% in the third quarter. abrdn plc now owns 394,466 shares of the transportation company’s stock valued at $33,975,000 after purchasing an additional 34,300 shares during the last quarter. Weybosset Research & Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 31.7% in the third quarter. Weybosset Research & Management LLC now owns 60,102 shares of the transportation company’s stock valued at $5,177,000 after purchasing an additional 14,480 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at about $496,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of C.H. Robinson Worldwide by 31.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 23,284 shares of the transportation company’s stock valued at $2,197,000 after purchasing an additional 5,629 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

C.H. Robinson Worldwide Company Profile

(Get Free Report

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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.

Further Reading

Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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