Analysts’ Recent Ratings Updates for C.H. Robinson Worldwide (CHRW)

C.H. Robinson Worldwide (NASDAQ: CHRW) has recently received a number of price target changes and ratings updates:

• 12/16/2024 – C.H. Robinson Worldwide had its price target raised by analysts at Stifel Nicolaus from $107.00 to $112.00. They now have a “hold” rating on the stock.
• 12/13/2024 – C.H. Robinson Worldwide was upgraded by analysts at Citigroup Inc. from a “hold” rating to a “strong-buy” rating.
• 12/13/2024 – C.H. Robinson Worldwide had its price target raised by analysts at Robert W. Baird from $115.00 to $124.00. They now have a “neutral” rating on the stock.
• 12/13/2024 – C.H. Robinson Worldwide had its price target raised by analysts at BMO Capital Markets from $115.00 to $118.00. They now have a “market perform” rating on the stock.
• 12/13/2024 – C.H. Robinson Worldwide had its price target raised by analysts at TD Cowen from $113.00 to $119.00. They now have a “hold” rating on the stock.
• 12/9/2024 – C.H. Robinson Worldwide was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $130.00 price target on the stock, up previously from $118.00.
• 11/22/2024 – C.H. Robinson Worldwide was downgraded by analysts at Citigroup Inc. from a “strong-buy” rating to a “hold” rating.
• 11/13/2024 – C.H. Robinson Worldwide had its price target raised by analysts at Barclays PLC from $85.00 to $95.00. They now have an “underweight” rating on the stock.
• 11/12/2024 – C.H. Robinson Worldwide was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $127.00 price target on the stock, up previously from $110.00.
• 11/1/2024 – C.H. Robinson Worldwide had its price target raised by analysts at The Goldman Sachs Group, Inc. from $97.00 to $107.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – C.H. Robinson Worldwide had its price target lowered by analysts at Susquehanna from $120.00 to $115.00. They now have a “neutral” rating on the stock.
• 10/31/2024 – C.H. Robinson Worldwide had its price target raised by analysts at Barclays PLC from $75.00 to $85.00. They now have an “underweight” rating on the stock.
• 10/31/2024 – C.H. Robinson Worldwide had its price target raised by analysts at BMO Capital Markets from $92.00 to $115.00. They now have a “market perform” rating on the stock.
• 10/31/2024 – C.H. Robinson Worldwide had its price target raised by analysts at TD Cowen from $103.00 to $113.00. They now have a “hold” rating on the stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $104.28 on Wednesday. The firm’s fifty day moving average is $107.74 and its 200-day moving average is $100.57. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The firm has a market cap of $12.33 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 earnings per share. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 85.81%.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction that occurred 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 sale, 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 SEC, which is accessible through this hyperlink. 1.47% of the stock is currently owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC grew 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 purchasing an additional 111 shares during the last quarter. Quarry LP lifted its stake in shares of C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 171 shares during the last quarter. Eastern Bank purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at about $54,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $55,000. Finally, Peoples Bank KS bought a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $66,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

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.