C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $121.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target lifted by JPMorgan Chase & Co. from $118.00 to $121.00 in a report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

A number of other equities research analysts have also weighed in on CHRW. Susquehanna restated a “positive” rating and issued a $120.00 price objective (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. Evercore ISI reduced their price objective on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Robert W. Baird started coverage on shares of C.H. Robinson Worldwide in a report on Tuesday, July 1st. They issued a “neutral” rating and a $105.00 price objective on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target of $114.29.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $100.84 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide has a 52 week low of $84.68 and a 52 week high of $114.82. The stock has a market capitalization of $11.97 billion, a PE ratio of 24.12, a P/E/G ratio of 1.62 and a beta of 0.89. The firm has a 50 day moving average of $95.43 and a two-hundred day moving average of $97.61.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the company posted $0.86 EPS. The firm’s revenue was down 8.3% compared to the same quarter last year. On average, research analysts predict that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide’s payout ratio is 59.33%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the sale, the insider owned 71,441 shares of the company’s stock, valued at $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.47% of the stock is currently owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. boosted its holdings in C.H. Robinson Worldwide by 48.5% during the second quarter. Contravisory Investment Management Inc. now owns 7,799 shares of the transportation company’s stock worth $748,000 after buying an additional 2,547 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in C.H. Robinson Worldwide by 94.7% during the second quarter. Exchange Traded Concepts LLC now owns 53,682 shares of the transportation company’s stock worth $5,151,000 after buying an additional 26,108 shares in the last quarter. Fulton Bank N.A. purchased a new stake in C.H. Robinson Worldwide during the second quarter worth about $309,000. Wealth Enhancement Advisory Services LLC boosted its holdings in C.H. Robinson Worldwide by 189.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 72,807 shares of the transportation company’s stock worth $7,137,000 after buying an additional 47,683 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in C.H. Robinson Worldwide by 1.0% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,690 shares of the transportation company’s stock worth $1,505,000 after buying an additional 154 shares in the last quarter. Hedge funds and other 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.