C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $119.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target lifted by TD Cowen from $113.00 to $119.00 in a research report released on Friday, Marketbeat Ratings reports. The brokerage currently has a hold rating on the transportation company’s stock.

Several other equities analysts have also recently weighed in on CHRW. Evercore ISI raised their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. BMO Capital Markets raised their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research report on Friday. Susquehanna cut their price target on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $118.00 to $130.00 in a report on Monday, December 9th. Finally, Robert W. Baird lifted their target price on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $111.19.

C.H. Robinson Worldwide Trading Down 2.3 %

CHRW opened at $111.38 on Friday. The firm’s fifty day simple moving average is $108.09 and its 200 day simple moving average is $99.61. 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. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $114.82.

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

C.H. Robinson Worldwide Announces Dividend

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

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CHRW. Venturi Wealth Management LLC lifted its position in 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 worth $27,000 after acquiring an additional 111 shares during the last quarter. Quarry LP lifted its holdings in C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after purchasing an additional 171 shares during the last quarter. Eastern Bank bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $54,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $55,000. Finally, EdgeRock Capital LLC bought a new position in C.H. Robinson Worldwide during the 2nd quarter worth $62,000. Institutional investors and hedge funds 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.