C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $113.00 Price Target at TD Cowen

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective raised by TD Cowen from $103.00 to $113.00 in a research note released on Thursday, MarketBeat.com reports. TD Cowen currently has a hold rating on the transportation company’s stock.

CHRW has been the topic of a number of other research reports. Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Benchmark boosted their target price on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Tuesday, July 9th. The Goldman Sachs Group boosted their price objective 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. Finally, Susquehanna upped their price objective on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $106.25.

C.H. Robinson Worldwide Stock Down 1.2 %

Shares of NASDAQ:CHRW opened at $101.82 on Thursday. The company has a market capitalization of $11.94 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 1.44 and a beta of 0.84. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $113.10. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The business has a fifty day moving average price of $105.72 and a two-hundred day moving average price of $93.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. The company 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 firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. 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. Investors 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 2.44%. The ex-dividend date of this dividend was Friday, September 6th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 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 company’s stock in a transaction dated 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 transaction, the insider now directly owns 70,943 shares in the company, valued at $6,979,372.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.47% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently bought and sold shares of the stock. Quent Capital LLC increased its holdings in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after buying an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after acquiring an additional 185 shares in the last quarter. Sentry Investment Management LLC bought a new position in C.H. Robinson Worldwide in the first quarter valued at $49,000. Eastern Bank bought a new position in C.H. Robinson Worldwide in the third quarter valued at $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in C.H. Robinson Worldwide during the third quarter valued at about $55,000. 93.15% of the stock is currently owned by institutional investors.

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.