C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $165.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective hoisted by TD Cowen from $138.00 to $165.00 in a research note released on Friday morning,Benzinga reports. TD Cowen currently has a hold rating on the transportation company’s stock.

Several other research firms also recently commented on CHRW. Evercore ISI boosted their price objective on C.H. Robinson Worldwide from $155.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. BMO Capital Markets restated a “market perform” rating and set a $140.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Stifel Nicolaus upped their price objective on shares of C.H. Robinson Worldwide from $155.00 to $184.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Raymond James Financial raised their price objective on shares of C.H. Robinson Worldwide from $158.00 to $161.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of C.H. Robinson Worldwide in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.35.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $170.77 on Friday. The firm has a market capitalization of $20.17 billion, a P/E ratio of 34.64, a P/E/G ratio of 1.85 and a beta of 0.91. The firm’s 50-day moving average price is $158.39 and its 200-day moving average price is $133.54. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.64. C.H. Robinson Worldwide has a 1-year low of $84.68 and a 1-year high of $170.81.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the company posted $1.28 EPS. The firm’s revenue was down 10.9% compared to the same quarter last year. Equities research analysts anticipate that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were paid a $0.63 dividend. The ex-dividend date was Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.12%.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 45,266 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the transaction, the insider owned 34,046 shares in the company, valued at $5,164,778.20. This trade represents a 57.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. This represents a 43.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,540 shares of company stock valued at $14,721,951 in the last 90 days. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares during the last quarter. Norges Bank purchased a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $118,976,000. Boston Partners lifted its position in C.H. Robinson Worldwide by 53.0% in the 2nd quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock worth $340,646,000 after buying an additional 1,218,968 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in C.H. Robinson Worldwide by 78.3% in the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock worth $193,219,000 after buying an additional 884,160 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $72,929,000. 93.15% of the stock is currently owned by institutional investors.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.