C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $100.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective raised by Barclays from $95.00 to $100.00 in a research note released on Friday morning,Benzinga reports. Barclays currently has an underweight rating on the transportation company’s stock.

Several other analysts have also recently commented on the company. Evercore ISI raised their target price on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Stifel Nicolaus raised their target price on 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. The Goldman Sachs Group raised their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their price target 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, Susquehanna upgraded C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and lifted their price target for the company from $115.00 to $130.00 in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.65.

C.H. Robinson Worldwide Trading Up 0.9 %

Shares of NASDAQ CHRW opened at $103.58 on Friday. The company has a market cap of $12.24 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 0.83 and a beta of 0.83. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $114.82. 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’s 50 day simple moving average is $106.32 and its 200 day simple moving average is $102.71.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 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 last year, the firm earned $0.84 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts expect that C.H. Robinson Worldwide will post 4.4 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.39%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 85.81%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the sale, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. boosted its position in C.H. Robinson Worldwide by 0.9% during the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after purchasing an additional 98 shares during the last quarter. Venturi Wealth Management LLC boosted 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 valued at $27,000 after purchasing an additional 111 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in C.H. Robinson Worldwide by 13.6% during the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 120 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in C.H. Robinson Worldwide by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after purchasing an additional 144 shares during the last quarter. Finally, Diversified Trust Co lifted its position in shares of C.H. Robinson Worldwide by 5.0% in the fourth quarter. Diversified Trust Co now owns 3,414 shares of the transportation company’s stock worth $353,000 after buying an additional 164 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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.