C.H. Robinson Worldwide (NASDAQ:CHRW) PT Raised to $120.00 at Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target boosted by Susquehanna from $95.00 to $120.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other brokerages have also recently commented on CHRW. TD Cowen increased their price target on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a hold rating in a research report on Thursday, August 1st. Bank of America raised C.H. Robinson Worldwide from an underperform rating to a buy rating and increased their price target for the company from $76.00 to $99.00 in a research report on Monday, July 22nd. Baird R W raised C.H. Robinson Worldwide to a hold rating in a research report on Wednesday, July 3rd. Evercore ISI raised C.H. Robinson Worldwide from an in-line rating to an outperform rating and increased their price target for the company from $82.00 to $99.00 in a research report on Tuesday, June 25th. Finally, Vertical Research raised C.H. Robinson Worldwide from a sell rating to a buy rating and set a $102.00 price target for the company in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $95.33.

C.H. Robinson Worldwide Stock Up 0.7 %

CHRW stock opened at $108.34 on Thursday. 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 stock has a market capitalization of $12.69 billion, a P/E ratio of 42.82, a P/E/G ratio of 2.15 and a beta of 0.82. The business has a 50-day moving average of $99.78 and a 200-day moving average of $87.17. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $109.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the prior year, the firm earned $0.90 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.13 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.29%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 98.02%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the transaction, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.47% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Large investors have recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in C.H. Robinson Worldwide by 12.1% during the 4th quarter. Franklin Resources Inc. now owns 78,546 shares of the transportation company’s stock worth $6,786,000 after acquiring an additional 8,477 shares during the period. Hsbc Holdings PLC increased its stake in C.H. Robinson Worldwide by 13.0% during the 4th quarter. Hsbc Holdings PLC now owns 239,984 shares of the transportation company’s stock worth $20,711,000 after acquiring an additional 27,610 shares during the period. Parallel Advisors LLC increased its stake in C.H. Robinson Worldwide by 12.4% during the 4th quarter. Parallel Advisors LLC now owns 4,976 shares of the transportation company’s stock worth $430,000 after acquiring an additional 550 shares during the period. Focus Financial Network Inc. ADV bought a new position in C.H. Robinson Worldwide during the 4th quarter worth $211,000. Finally, Treasurer of the State of North Carolina increased its stake in C.H. Robinson Worldwide by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 52,434 shares of the transportation company’s stock worth $4,530,000 after acquiring an additional 500 shares during the period. 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.