C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $138.00 at TD Cowen

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target increased by TD Cowen from $115.00 to $138.00 in a research report released on Thursday, MarketBeat.com reports. The brokerage currently has a hold rating on the transportation company’s stock.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial lifted their target price on C.H. Robinson Worldwide from $111.00 to $158.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Susquehanna set a $165.00 target price on C.H. Robinson Worldwide and gave the company a “positive” rating in a research report on Wednesday, September 24th. Weiss Ratings restated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on 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. Finally, Truist Financial set a $150.00 target price on C.H. Robinson Worldwide in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average target price of $142.35.

C.H. Robinson Worldwide Stock Up 19.7%

Shares of NASDAQ CHRW opened at $154.88 on Thursday. C.H. Robinson Worldwide has a 12-month low of $84.68 and a 12-month high of $158.70. The stock has a market cap of $18.29 billion, a PE ratio of 31.42, a P/E/G ratio of 1.79 and a beta of 0.90. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average of $130.47 and a 200 day moving average of $110.08.

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

C.H. Robinson Worldwide Dividend Announcement

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

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider owned 130,591 shares of the company’s stock, valued at $15,898,148.34. This trade represents a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Angela K. Freeman sold 5,713 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at $7,640,222.72. This represents a 8.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 14,577 shares of company stock valued at $1,714,544. Company insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several large investors have recently bought and sold shares of CHRW. Boston Partners purchased a new stake in C.H. Robinson Worldwide during the 1st quarter worth about $234,304,000. Norges Bank purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter worth about $118,976,000. Bank of New York Mellon Corp increased its holdings in C.H. Robinson Worldwide by 78.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock worth $193,219,000 after purchasing an additional 884,160 shares during the period. Allianz Asset Management GmbH increased its holdings in C.H. Robinson Worldwide by 144.4% during the 1st quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company’s stock worth $80,292,000 after purchasing an additional 463,216 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in C.H. Robinson Worldwide by 119.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock worth $76,169,000 after purchasing an additional 432,406 shares during the period. 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.