TD Cowen Boosts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $119.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target boosted by TD Cowen from $113.00 to $119.00 in a report issued on Friday, MarketBeat reports. They currently have a hold rating on the transportation company’s stock.

Several other equities analysts have also recently commented on the stock. Robert W. Baird boosted their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday. The Goldman Sachs Group boosted their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. BMO Capital Markets raised their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday. Susquehanna decreased their price target 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. Finally, Barclays upped their price objective on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $111.19.

C.H. Robinson Worldwide Trading Down 2.3 %

Shares of NASDAQ:CHRW opened at $111.38 on Friday. The business’s 50 day simple moving average is $108.09 and its 200 day simple moving average is $99.61. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The company 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 released its earnings results 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. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. On average, research analysts anticipate that C.H. Robinson Worldwide will post 4.38 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed 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 of this dividend 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 dividend payout ratio (DPR) is presently 85.81%.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.47% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter worth about $11,865,000. Franklin Resources Inc. raised its holdings in C.H. Robinson Worldwide by 59.6% during the 3rd quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock worth $8,074,000 after purchasing an additional 27,370 shares during the last quarter. Tidal Investments LLC lifted its position in shares of C.H. Robinson Worldwide by 50.5% in the 3rd quarter. Tidal Investments LLC now owns 22,286 shares of the transportation company’s stock worth $2,460,000 after purchasing an additional 7,482 shares during the period. SkyView Investment Advisors LLC boosted its stake in shares of C.H. Robinson Worldwide by 2.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after purchasing an additional 144 shares during the last quarter. Finally, TCW Group Inc. increased its position in shares of C.H. Robinson Worldwide by 12.7% during the third quarter. TCW Group Inc. now owns 28,565 shares of the transportation company’s stock worth $3,153,000 after buying an additional 3,209 shares during the period. Institutional investors own 93.15% of the company’s stock.

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.