C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Expected to Rise, Barclays Analyst Says

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target lifted by Barclays from $75.00 to $85.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an underweight rating on the transportation company’s stock.

A number of other analysts have also recently commented on CHRW. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday. Susquehanna boosted their target price on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Evercore ISI boosted their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $140.00 in a report on Friday, October 4th. Finally, Baird R W raised shares of C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $103.24.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded down $0.78 during mid-day trading on Thursday, hitting $102.26. The company had a trading volume of 206,139 shares, compared to its average volume of 1,536,169. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $113.10. The stock’s 50 day moving average price is $105.72 and its 200-day moving average price is $92.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $11.99 billion, a P/E ratio of 35.65, a P/E/G ratio of 1.44 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 31.35%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the business earned $0.84 EPS. The business’s revenue was up 7.0% on a year-over-year basis. Equities research analysts forecast that C.H. Robinson Worldwide will post 4.21 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.43%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the sale, the insider now owns 70,943 shares of the company’s stock, valued at $6,979,372.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.47% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of C.H. Robinson Worldwide by 1.3% during the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after acquiring an additional 177,119 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after buying an additional 2,003,158 shares during the period. ProShare Advisors LLC raised its holdings in C.H. Robinson Worldwide by 26.3% during the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after acquiring an additional 526,872 shares in the last quarter. Bank of New York Mellon Corp raised its stake in C.H. Robinson Worldwide by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company’s stock valued at $115,921,000 after buying an additional 34,632 shares during the period. Finally, Interval Partners LP bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth approximately $82,581,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

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.