C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $182.00 at Bank of America

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target boosted by Bank of America from $167.00 to $182.00 in a research note released on Wednesday,Benzinga reports. Bank of America currently has a buy rating on the transportation company’s stock.

Several other analysts have also recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Evercore ISI lifted their price objective on C.H. Robinson Worldwide from $155.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Stephens set a $173.00 target price on C.H. Robinson Worldwide in a research note on Thursday, October 30th. Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $140.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.48.

C.H. Robinson Worldwide Stock Up 0.2%

CHRW opened at $164.94 on Wednesday. The firm has a market cap of $19.49 billion, a P/E ratio of 33.46, a PEG ratio of 2.16 and a beta of 0.90. The business’s fifty day simple moving average is $150.47 and its 200 day simple moving average is $127.32. C.H. Robinson Worldwide has a 52 week low of $84.68 and a 52 week high of $167.90. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.64.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 34.77%. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 EPS. As a group, equities research analysts anticipate that C.H. Robinson Worldwide will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.12%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 49,884 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. This trade represents a 43.15% 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 Michael D. Castagnetto sold 45,266 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the sale, the insider owned 34,046 shares of the company’s stock, valued at approximately $5,164,778.20. This trade represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. 1.47% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at about $30,000. WPG Advisers LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth about $32,000. Clearstead Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after acquiring an additional 128 shares in the last quarter. Finally, Arlington Trust Co LLC purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $34,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.