Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $109.64, but opened at $103.26. C.H. Robinson Worldwide shares last traded at $105.65, with a volume of 269,194 shares.
Analysts Set New Price Targets
Several equities research analysts recently commented on CHRW shares. TD Cowen increased their price objective on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a research report on Thursday. BMO Capital Markets raised their price target on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday. Benchmark boosted their price objective on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup began coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, October 9th. They issued a “neutral” rating and a $115.00 target price on the stock. Finally, Susquehanna raised their target price on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $102.65.
C.H. Robinson Worldwide Stock Down 6.2 %
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.16. The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.
C.H. Robinson Worldwide Increases Dividend
The company also recently disclosed 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 annualized dividend and a dividend yield of 2.41%. This is an increase 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 (DPR) is presently 89.53%.
Insider Activity
In other news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction on 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 in the company, valued at $6,979,372.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.18% of the company’s stock.
Institutional Trading of C.H. Robinson Worldwide
Several institutional investors and hedge funds have recently modified their holdings of CHRW. First Eagle Investment Management LLC raised its position 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 valued at $874,548,000 after purchasing an additional 2,003,158 shares during the period. Interval Partners LP bought a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $82,581,000. Pzena Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $66,474,000. Point72 Asset Management L.P. bought a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $69,378,000. Finally, ProShare Advisors LLC increased its holdings in 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 acquiring an additional 526,872 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.
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.
Recommended Stories
- Five stocks we like better than C.H. Robinson Worldwide
- 3 REITs to Buy and Hold for the Long Term
- Microsoft Can Hit New All-Time Highs This Year – Here’s Why
- 10 Best Airline Stocks to Buy
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.