C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $113.00 at Stifel Nicolaus

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target upped by Stifel Nicolaus from $112.00 to $113.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

Several other equities research analysts have also issued reports on CHRW. Evercore ISI lifted their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. The Goldman Sachs Group lifted their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Raymond James upgraded shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $123.00 price target on the stock in a research note on Friday, January 10th. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, Robert W. Baird increased their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.71.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $107.00 on Thursday. The firm has a 50 day simple moving average of $105.92 and a 200 day simple moving average of $103.00. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $114.82. The stock has a market cap of $12.65 billion, a P/E ratio of 37.02, a P/E/G ratio of 0.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results 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. 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 during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts anticipate that C.H. Robinson Worldwide will post 4.39 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 annualized dividend and a yield of 2.32%. C.H. Robinson Worldwide’s dividend payout ratio is 85.81%.

Insider Activity

In related news, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by company insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its position in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after buying an additional 111 shares during the period. Missouri Trust & Investment Co bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at $41,000. Quarry LP boosted its stake in shares of C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of C.H. Robinson Worldwide by 213.5% in the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after purchasing an additional 316 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $54,000. 93.15% of the stock is owned by institutional investors and hedge funds.

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.