C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $77.00 at Morgan Stanley

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price boosted by Morgan Stanley from $71.00 to $77.00 in a report released on Thursday,Benzinga reports. Morgan Stanley currently has an underweight rating on the transportation company’s stock.

Several other equities analysts have also recently commented on the stock. Bank of America raised their price target on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. raised their price target on shares of C.H. Robinson Worldwide from $126.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Truist Financial raised their price target on shares of C.H. Robinson Worldwide from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday. Susquehanna set a $165.00 price target on shares of C.H. Robinson Worldwide and gave the company a “positive” rating in a research report on Wednesday, September 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 8th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $142.35.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $154.88 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $18.29 billion, a P/E ratio of 31.42, a PEG ratio of 1.79 and a beta of 0.90. The company has a 50 day moving average price of $130.47 and a 200 day moving average price of $110.08. C.H. Robinson Worldwide has a fifty-two week low of $84.68 and a fifty-two week high of $158.70.

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

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 56.49%.

Insider Activity

In other news, insider Michael John Short sold 6,364 shares of the firm’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 sale, the insider directly owned 60,401 shares in the company, valued at approximately $7,081,413.24. This trade represents a 9.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Arun Rajan sold 2,500 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the sale, the insider owned 130,591 shares in the company, valued at $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 14,577 shares of company stock worth $1,714,544. 1.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of CHRW. Amalgamated Bank raised its stake in C.H. Robinson Worldwide by 1.9% during the 1st quarter. Amalgamated Bank now owns 23,098 shares of the transportation company’s stock worth $2,365,000 after acquiring an additional 432 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in C.H. Robinson Worldwide by 32.7% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,536 shares of the transportation company’s stock worth $1,591,000 after acquiring an additional 3,832 shares in the last quarter. Revisor Wealth Management LLC raised its stake in C.H. Robinson Worldwide by 84.2% during the 1st quarter. Revisor Wealth Management LLC now owns 3,987 shares of the transportation company’s stock worth $410,000 after acquiring an additional 1,823 shares in the last quarter. Teacher Retirement System of Texas raised its stake in C.H. Robinson Worldwide by 973.1% during the 1st quarter. Teacher Retirement System of Texas now owns 111,677 shares of the transportation company’s stock worth $11,436,000 after acquiring an additional 101,270 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in C.H. Robinson Worldwide by 4.9% during the 1st quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company’s stock worth $15,248,000 after acquiring an additional 6,889 shares in the last quarter. 93.15% of the stock is currently 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.