C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $112.00

C.H. Robinson Worldwide (NASDAQ:CHRWFree Report) had its price target lifted by Stifel Nicolaus from $107.00 to $112.00 in a research note published on Monday,Benzinga reports. The firm currently has a hold rating on the transportation company’s stock.

Several other research firms also recently weighed in on CHRW. Robert W. Baird lifted their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their price objective on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Susquehanna decreased their target price on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. BMO Capital Markets lifted their target price 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, TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $112.88.

Get Our Latest Stock Analysis on CHRW

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $106.45 on Monday. The firm has a market cap of $12.58 billion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $114.82. The business’s fifty day simple moving average is $108.14 and its 200-day simple moving average is $99.99.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last posted its 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. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts forecast that C.H. Robinson Worldwide will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.18% of the stock is currently owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. increased its position in C.H. Robinson Worldwide by 7.1% during the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after buying an additional 443 shares during the period. Chesapeake Capital Corp IL acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $835,000. abrdn plc raised its position in C.H. Robinson Worldwide by 2.6% in the 3rd quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock valued at $55,818,000 after purchasing an additional 12,992 shares during the last quarter. Forsta AP Fonden boosted its stake in C.H. Robinson Worldwide by 113.2% during the 3rd quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company’s stock worth $9,106,000 after purchasing an additional 43,800 shares during the period. Finally, Victory Capital Management Inc. grew its position in C.H. Robinson Worldwide by 62.3% during the 3rd quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company’s stock worth $3,549,000 after purchasing an additional 12,348 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

About C.H. Robinson Worldwide

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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.

Further Reading

Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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