C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $77.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target boosted by Morgan Stanley from $71.00 to $77.00 in a research note released on Thursday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the transportation company’s stock.

CHRW has been the topic of several other reports. Baird R W upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Thursday. Stephens set a $173.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday. BMO Capital Markets reiterated a “market perform” rating and set a $140.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday. Finally, UBS Group lifted their target price on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $153.99 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $18.18 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 1.79 and a beta of 0.90. The company’s fifty day moving average is $131.05 and its two-hundred day moving average is $110.64. C.H. Robinson Worldwide has a 52-week low of $84.68 and a 52-week high of $158.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period last year, the business posted $1.28 EPS. Equities research analysts forecast that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.6%. C.H. Robinson Worldwide’s payout ratio is currently 50.30%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the transaction, the insider directly owned 60,401 shares of the company’s stock, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 14,577 shares of company stock valued at $1,714,544. Insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently modified their holdings of CHRW. North Capital Inc. bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth about $25,000. CYBER HORNET ETFs LLC bought a new stake in shares of C.H. Robinson Worldwide during the second quarter worth approximately $30,000. WPG Advisers LLC bought a new stake in shares of C.H. Robinson Worldwide during the first quarter worth approximately $32,000. Arlington Trust Co LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth approximately $34,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of C.H. Robinson Worldwide during the second quarter worth approximately $34,000. 93.15% of the stock is owned by institutional investors.

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.