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

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price lifted by Stifel Nicolaus from $112.00 to $113.00 in a report released on Thursday morning,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

CHRW has been the topic of several other research reports. Robert W. Baird upped their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Raymond James raised C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $123.00 price target on the stock in a research note on Friday, January 10th. BMO Capital Markets boosted their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Susquehanna raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and raised their target price for the company from $115.00 to $130.00 in a research note on Friday, January 3rd. Finally, Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $114.71.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $107.00 on Thursday. The business has a fifty day moving average of $105.92 and a 200-day moving average of $103.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $114.82. The firm has a market cap of $12.65 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating 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 30.38%. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the company posted $0.84 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that C.H. Robinson Worldwide will post 4.39 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.32%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors have recently made changes to their positions in CHRW. Oak Harvest Investment Services bought a new stake in C.H. Robinson Worldwide during the 4th quarter worth about $310,000. Forsta AP Fonden raised its holdings in C.H. Robinson Worldwide by 0.5% during the fourth quarter. Forsta AP Fonden now owns 82,900 shares of the transportation company’s stock worth $8,565,000 after acquiring an additional 400 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in C.H. Robinson Worldwide by 500.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 106,780 shares of the transportation company’s stock valued at $11,033,000 after purchasing an additional 89,003 shares during the last quarter. Twelve Points Wealth Management LLC grew its stake in C.H. Robinson Worldwide by 3.7% in the fourth quarter. Twelve Points Wealth Management LLC now owns 13,693 shares of the transportation company’s stock valued at $1,415,000 after purchasing an additional 490 shares in the last quarter. Finally, Cascade Investment Advisors Inc. increased its position in shares of C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock worth $1,652,000 after purchasing an additional 105 shares during the last quarter. 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.