C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $178.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target hoisted by JPMorgan Chase & Co. from $166.00 to $178.00 in a report released on Monday,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the stock. Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a report on Friday, January 9th. UBS Group increased their price target on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Stifel Nicolaus raised their price target 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. BMO Capital Markets reiterated a “market perform” rating and issued a $140.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average target price of $162.57.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $172.31 on Monday. C.H. Robinson Worldwide has a 1 year low of $84.68 and a 1 year high of $174.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market capitalization of $20.36 billion, a PE ratio of 34.95, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. The business has a 50 day simple moving average of $159.59 and a 200-day simple moving average of $134.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The firm’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. 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 announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were issued a dividend of $0.63 per share. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date was Friday, December 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.12%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 2,390 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $161.91, for a total value of $386,964.90. Following the completion of the transaction, the insider owned 55,158 shares in the company, valued at approximately $8,930,631.78. The trade was a 4.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 45,266 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the sale, the insider directly owned 34,046 shares in the company, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 97,540 shares of company stock valued at $14,721,951 in the last three months. 1.47% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently modified their holdings of CHRW. Wellington Management Group LLP boosted its holdings in C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares during the period. Norges Bank acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at about $118,976,000. Boston Partners boosted its stake in shares of 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 valued at $340,646,000 after buying an additional 1,218,968 shares during the period. Bank of New York Mellon Corp grew its position in shares of C.H. Robinson Worldwide by 78.3% during 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 purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth approximately $72,929,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

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.