C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $118.00 Price Target at BMO Capital Markets

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective hoisted by BMO Capital Markets from $115.00 to $118.00 in a research report released on Friday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the transportation company’s stock.

Several other research analysts also recently commented on CHRW. Citigroup downgraded C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 22nd. Barclays increased their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Evercore ISI upped their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $111.19.

C.H. Robinson Worldwide Stock Down 2.3 %

CHRW stock opened at $111.38 on Friday. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $114.82. 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 firm has a 50-day simple moving average of $108.09 and a 200-day simple moving average of $99.41. The stock has a market capitalization of $13.17 billion, a P/E ratio of 38.54, a P/E/G ratio of 1.25 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the previous year, the firm posted $0.84 EPS. C.H. Robinson Worldwide’s revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that C.H. Robinson Worldwide will post 4.38 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given 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 2.23%. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the business. Lord Abbett & CO. LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $11,865,000. Franklin Resources Inc. boosted its position in C.H. Robinson Worldwide by 59.6% in the 3rd quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock valued at $8,074,000 after buying an additional 27,370 shares during the period. Tidal Investments LLC grew its stake in shares of C.H. Robinson Worldwide by 50.5% in the third quarter. Tidal Investments LLC now owns 22,286 shares of the transportation company’s stock worth $2,460,000 after acquiring an additional 7,482 shares in the last quarter. SkyView Investment Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after acquiring an additional 144 shares during the period. Finally, TCW Group Inc. raised its stake in shares of C.H. Robinson Worldwide by 12.7% in the third quarter. TCW Group Inc. now owns 28,565 shares of the transportation company’s stock valued at $3,153,000 after acquiring an additional 3,209 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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.