C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $170.00 Price Target at Wells Fargo & Company

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price boosted by Wells Fargo & Company from $155.00 to $170.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

Several other brokerages have also weighed in on CHRW. Baird R W upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. Susquehanna set a $165.00 price objective on C.H. Robinson Worldwide and gave the company a “positive” rating in a report on Wednesday, September 24th. Truist Financial increased their price objective on C.H. Robinson Worldwide from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday. Sanford C. Bernstein reiterated a “market perform” rating and set a $135.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday. Finally, TD Cowen increased their price objective on C.H. Robinson Worldwide from $115.00 to $138.00 and gave the company a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.35.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $154.88 on Thursday. The company has a market capitalization of $18.29 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 1.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. C.H. Robinson Worldwide has a 1-year low of $84.68 and a 1-year high of $158.70. The business has a 50 day moving average price of $130.47 and a two-hundred day moving average price of $110.08.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The company’s revenue was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share. Research analysts predict that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide’s payout ratio is 56.49%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,713 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael John Short sold 6,364 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the transaction, the insider directly owned 60,401 shares in the company, valued at $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 14,577 shares of company stock valued at $1,714,544. Company insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. North Capital Inc. acquired a new position in C.H. Robinson Worldwide during the first quarter valued at $25,000. Arlington Trust Co LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth $34,000. Quent Capital LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth $37,000. CYBER HORNET ETFs LLC acquired a new position in shares of C.H. Robinson Worldwide in the second quarter worth $30,000. Finally, WPG Advisers LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter worth $32,000. 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.