C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $95.00 Price Target at Barclays

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective upped by Barclays from $85.00 to $95.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has an underweight rating on the transportation company’s stock.

Other analysts have also issued research reports about the company. Benchmark upped their target price on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and raised their target price for the company from $87.00 to $110.00 in a report on Thursday, August 1st. Wells Fargo & Company upped their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Finally, Susquehanna reduced their target price on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $107.63.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded down $0.78 during midday trading on Wednesday, hitting $110.90. The company had a trading volume of 65,100 shares, compared to its average volume of 1,527,647. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The business has a 50-day simple moving average of $106.37 and a two-hundred day simple moving average of $95.40. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $113.10. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 1.26 and a beta of 0.84.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.24%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Insider Buying and Selling

In other news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction on Monday, November 11th. The shares were 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 directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of large investors have recently modified their holdings of the company. Quent Capital LLC raised its holdings 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 buying an additional 146 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 111 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in C.H. Robinson Worldwide during the 1st quarter worth $49,000. Finally, Eastern Bank acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $54,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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.