Recent Analysts’ Ratings Changes for C.H. Robinson Worldwide (CHRW)

C.H. Robinson Worldwide (NASDAQ: CHRW) has recently received a number of price target changes and ratings updates:

• 11/13/2024 – C.H. Robinson Worldwide had its price target raised by analysts at Barclays PLC from $85.00 to $95.00. They now have an “underweight” rating on the stock.
• 11/12/2024 – C.H. Robinson Worldwide was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $127.00 price target on the stock, up previously from $110.00.
• 11/1/2024 – C.H. Robinson Worldwide had its price target raised by analysts at The Goldman Sachs Group, Inc. from $97.00 to $107.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – C.H. Robinson Worldwide had its price target lowered by analysts at Susquehanna from $120.00 to $115.00. They now have a “neutral” rating on the stock.
• 10/31/2024 – C.H. Robinson Worldwide had its price target raised by analysts at Barclays PLC from $75.00 to $85.00. They now have an “underweight” rating on the stock.
• 10/31/2024 – C.H. Robinson Worldwide had its price target raised by analysts at BMO Capital Markets from $92.00 to $115.00. They now have a “market perform” rating on the stock.
• 10/31/2024 – C.H. Robinson Worldwide had its price target raised by analysts at TD Cowen from $103.00 to $113.00. They now have a “hold” rating on the stock.
• 10/9/2024 – C.H. Robinson Worldwide had its price target raised by analysts at The Goldman Sachs Group, Inc. from $90.00 to $97.00. They now have a “neutral” rating on the stock.
• 10/9/2024 – C.H. Robinson Worldwide is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $115.00 price target on the stock.
• 10/4/2024 – C.H. Robinson Worldwide was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $140.00 price target on the stock, up previously from $100.00.
• 10/3/2024 – C.H. Robinson Worldwide had its price target raised by analysts at Evercore ISI from $112.00 to $122.00. They now have an “outperform” rating on the stock.
• 9/26/2024 – C.H. Robinson Worldwide had its price target raised by analysts at Susquehanna from $95.00 to $120.00. They now have a “neutral” rating on the stock.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $2.59 during mid-day trading on Wednesday, hitting $111.68. 1,462,909 shares of the company’s stock traded hands, compared to its average volume of 1,534,294. The firm has a 50 day simple moving average of $106.22 and a two-hundred day simple moving average of $95.29. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 1.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction on Monday, November 11th. The stock was 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 owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Venturi Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of 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 purchasing an additional 185 shares during the period. Quent Capital LLC grew its position in C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 146 shares during the last quarter. Eastern Bank bought a new position in C.H. Robinson Worldwide in the third quarter valued at about $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in C.H. Robinson Worldwide in the third quarter valued at about $55,000. Institutional investors own 93.15% of the company’s stock.

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.