C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $155.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target raised by JPMorgan Chase & Co. from $126.00 to $155.00 in a report released on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Other equities analysts have also issued reports about the company. Susquehanna set a $165.00 price target on C.H. Robinson Worldwide and gave the stock a “positive” rating in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price target on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Baird R W upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Wolfe Research upgraded C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research report on Tuesday, July 1st. Finally, Stifel Nicolaus lifted their price objective on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.14.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $125.31 on Wednesday. The stock has a market cap of $14.80 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 1.78 and a beta of 0.90. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide has a 1-year low of $84.68 and a 1-year high of $138.00. The stock’s 50-day moving average is $127.74 and its 200 day moving average is $106.68.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the company earned $1.15 EPS. C.H. Robinson Worldwide’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 56.49%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the sale, the insider directly owned 130,591 shares in the company, valued at $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the sale, the insider owned 65,728 shares in the company, valued at $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,577 shares of company stock worth $1,714,544 over the last ninety days. 1.47% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently made changes to their positions in CHRW. NBC Securities Inc. bought a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $27,000. Farther Finance Advisors LLC raised its stake in C.H. Robinson Worldwide by 1.8% during the first quarter. Farther Finance Advisors LLC now owns 27,490 shares of the transportation company’s stock valued at $2,825,000 after buying an additional 495 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in C.H. Robinson Worldwide by 4.1% during the first quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company’s stock valued at $877,000 after buying an additional 340 shares during the last quarter. CX Institutional purchased a new position in C.H. Robinson Worldwide during the first quarter valued at $92,000. Finally, Fifth Third Bancorp raised its stake in C.H. Robinson Worldwide by 5.0% during the first quarter. Fifth Third Bancorp now owns 6,868 shares of the transportation company’s stock valued at $703,000 after buying an additional 324 shares during the last quarter. 93.15% of the stock is currently owned by 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.