TD Cowen Issues Positive Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target upped by TD Cowen from $103.00 to $113.00 in a report published on Thursday, Marketbeat.com reports. The firm currently has a hold rating on the transportation company’s stock.

A number of other research firms have also commented on CHRW. Barclays lifted their price objective on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Robert W. Baird upped their price target on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. The Goldman Sachs Group raised their price objective on shares of C.H. Robinson Worldwide from $90.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and upped their target price for the company from $87.00 to $110.00 in a research note on Thursday, August 1st. Finally, Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $103.24.

C.H. Robinson Worldwide Stock Down 0.0 %

Shares of CHRW stock opened at $103.00 on Thursday. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 1.44 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The stock’s 50 day simple moving average is $105.72 and its 200 day simple moving average is $92.91. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly 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. The company had revenue of $4.64 billion for 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 company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. As a group, research analysts predict that C.H. Robinson Worldwide will post 4.21 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.41%. 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 payout ratio is currently 85.81%.

Insider Buying and Selling

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 shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.47% of the stock is currently owned by corporate insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in CHRW. Portside Wealth Group LLC grew its holdings in C.H. Robinson Worldwide by 2.6% during the 3rd quarter. Portside Wealth Group LLC now owns 8,578 shares of the transportation company’s stock worth $947,000 after acquiring an additional 221 shares during the last quarter. Moloney Securities Asset Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $1,056,000. QRG Capital Management Inc. raised its position in C.H. Robinson Worldwide by 0.9% in the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock worth $1,230,000 after purchasing an additional 98 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in C.H. Robinson Worldwide by 13.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 45,583 shares of the transportation company’s stock worth $5,031,000 after buying an additional 5,354 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in C.H. Robinson Worldwide by 1.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,777 shares of the transportation company’s stock valued at $1,962,000 after buying an additional 339 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.