TD Cowen Raises C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $113.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target boosted by TD Cowen from $103.00 to $113.00 in a research report sent to investors on Thursday morning, MarketBeat.com reports. The firm currently has a hold rating on the transportation company’s stock.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group increased their target price on C.H. Robinson Worldwide from $90.00 to $97.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Benchmark lifted their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Finally, Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their target price for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $103.24.

C.H. Robinson Worldwide Stock Down 0.0 %

Shares of NASDAQ:CHRW opened at $103.00 on Thursday. The company has a 50 day moving average of $105.72 and a 200-day moving average of $92.91. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $113.10. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 1.44 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 31.35%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS. On average, sell-side analysts forecast that C.H. Robinson Worldwide will post 4.21 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Friday, September 6th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 1.3% in the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after buying an additional 177,119 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of C.H. Robinson Worldwide by 21.1% during the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after purchasing an additional 2,003,158 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of C.H. Robinson Worldwide by 26.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock valued at $222,837,000 after purchasing an additional 526,872 shares during the period. Bank of New York Mellon Corp lifted its stake in C.H. Robinson Worldwide by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company’s stock valued at $115,921,000 after purchasing an additional 34,632 shares during the last quarter. Finally, Interval Partners LP bought a new position in C.H. Robinson Worldwide during the second quarter worth about $82,581,000. 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.