C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $115.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target boosted by BMO Capital Markets from $92.00 to $115.00 in a research report released on Thursday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the transportation company’s stock.

A number of other equities analysts have also recently weighed in on CHRW. Evercore ISI upped their price objective on shares of 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. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Robert W. Baird upped their target price on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Susquehanna increased their target price on C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, The Goldman Sachs Group upped their price target on shares of C.H. Robinson Worldwide from $90.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $106.25.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $101.82 on Thursday. The firm has a market cap of $11.94 billion, a P/E ratio of 35.23, a price-to-earnings-growth ratio of 1.44 and a beta of 0.84. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $113.10. The stock has a 50-day simple moving average of $105.72 and a 200-day simple moving average of $93.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (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 net margin of 1.96% and a return on equity of 31.35%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. On average, equities analysts predict that C.H. Robinson Worldwide will post 4.21 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.44%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. boosted its stake in C.H. Robinson Worldwide by 0.9% during the 3rd 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 period. Central Pacific Bank Trust Division grew its holdings in C.H. Robinson Worldwide by 13.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock worth $110,000 after buying an additional 120 shares in the last quarter. Empirical Finance LLC increased its position in C.H. Robinson Worldwide by 3.4% in the 1st quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock valued at $325,000 after acquiring an additional 140 shares during the period. Quent Capital LLC raised its stake in C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 146 shares in the last quarter. Finally, Redwood Investment Management LLC boosted its position in C.H. Robinson Worldwide by 0.6% during the 1st quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock worth $2,143,000 after acquiring an additional 165 shares during the period. Institutional investors 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.