C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $124.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price raised by Robert W. Baird from $115.00 to $124.00 in a research report sent to investors on Friday,Benzinga reports. Robert W. Baird currently has a neutral rating on the transportation company’s stock.

CHRW has been the topic of several other reports. BMO Capital Markets boosted their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $118.00 to $130.00 in a research note on Monday, December 9th. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. The Goldman Sachs Group lifted their price target 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. Finally, Citigroup cut C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $111.19.

C.H. Robinson Worldwide Trading Down 2.3 %

Shares of CHRW opened at $111.38 on Friday. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $114.82. The business’s 50-day moving average price is $108.09 and its 200 day moving average price is $99.41. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $13.17 billion, a P/E ratio of 38.54, a P/E/G ratio of 1.25 and a beta of 0.83.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.23%. C.H. Robinson Worldwide’s payout ratio is presently 85.81%.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.47% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the last quarter. Quarry LP raised its stake in shares of C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares in the last quarter. Eastern Bank acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at $54,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in C.H. Robinson Worldwide in the third quarter worth $55,000. Finally, EdgeRock Capital LLC acquired a new stake in C.H. Robinson Worldwide during the second quarter worth $62,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.