C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $117.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective boosted by Bank of America from $106.00 to $117.00 in a research report report published on Friday,Benzinga reports. Bank of America currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also commented on the company. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research note on Friday, January 31st. StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Benchmark reissued a “buy” rating and set a $125.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Susquehanna decreased their price objective on C.H. Robinson Worldwide from $117.00 to $115.00 and set a “positive” rating for the company in a research report on Thursday, May 1st. Finally, Stephens reissued an “equal weight” rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.29.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $100.28 on Friday. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.16 and a beta of 0.92. C.H. Robinson Worldwide has a one year low of $81.39 and a one year high of $114.82. The business has a fifty day simple moving average of $94.15 and a 200 day simple moving average of $100.62. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.15. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The company’s revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. Sell-side analysts expect that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide’s payout ratio is 59.33%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This trade represents a 12.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Angela K. Freeman sold 5,700 shares of the business’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider now directly owns 71,441 shares of the company’s stock, valued at $6,959,782.22. This trade represents a 7.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,716 shares of company stock valued at $1,858,008. 1.47% of the stock is currently owned by corporate insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds have recently made changes to their positions in CHRW. Vanguard Group Inc. increased its holdings in C.H. Robinson Worldwide by 0.4% in the first quarter. Vanguard Group Inc. now owns 14,586,381 shares of the transportation company’s stock valued at $1,493,645,000 after purchasing an additional 51,207 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of C.H. Robinson Worldwide by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock valued at $428,554,000 after buying an additional 191,611 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of C.H. Robinson Worldwide by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company’s stock valued at $326,549,000 after buying an additional 64,019 shares during the period. Van ECK Associates Corp raised its position in shares of C.H. Robinson Worldwide by 92,841.1% during the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after acquiring an additional 3,004,338 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of C.H. Robinson Worldwide by 25.7% during the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock worth $299,582,000 after acquiring an additional 593,211 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

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.