C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $112.00 at TD Securities

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price raised by TD Securities from $111.00 to $112.00 in a research note released on Thursday,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

CHRW has been the subject of several other reports. Raymond James decreased their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Benchmark restated a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Friday, January 31st. Citigroup cut their price target on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Stephens reissued an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.38.

C.H. Robinson Worldwide Trading Up 1.2 %

Shares of NASDAQ CHRW opened at $90.28 on Thursday. C.H. Robinson Worldwide has a twelve month low of $78.16 and a twelve month high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $95.55 and a two-hundred day simple moving average of $101.89. The firm has a market cap of $10.67 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.02 by $0.15. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. Analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.75%. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Several large investors have recently bought and sold shares of the business. Tidal Investments LLC boosted its holdings in shares of C.H. Robinson Worldwide by 50.5% during the 3rd quarter. Tidal Investments LLC now owns 22,286 shares of the transportation company’s stock worth $2,460,000 after purchasing an additional 7,482 shares during the last quarter. Franklin Resources Inc. boosted its stake in C.H. Robinson Worldwide by 59.6% during the third quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock worth $8,074,000 after buying an additional 27,370 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $11,865,000. GAMMA Investing LLC increased its stake in shares of C.H. Robinson Worldwide by 23.6% in the 4th quarter. GAMMA Investing LLC now owns 5,827 shares of the transportation company’s stock worth $602,000 after acquiring an additional 1,114 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $287,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

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.