C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Increased to $122.00 by Analysts at Evercore ISI

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective increased by Evercore ISI from $112.00 to $122.00 in a research report report published on Thursday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the transportation company’s stock.

A number of other research analysts also recently weighed in on the company. Wells Fargo & Company increased their target price on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an equal weight rating in a report on Thursday, August 1st. Barclays increased their price objective on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an underweight rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a neutral rating to an overweight rating and boosted their target price for the company from $87.00 to $110.00 in a research report on Thursday, August 1st. Baird R W upgraded shares of C.H. Robinson Worldwide to a hold rating in a research report on Wednesday, July 3rd. Finally, Susquehanna boosted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a neutral rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $99.53.

C.H. Robinson Worldwide Stock Up 1.2 %

CHRW stock opened at $106.73 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. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $110.51. The stock has a market capitalization of $12.50 billion, a P/E ratio of 42.19, a P/E/G ratio of 2.15 and a beta of 0.82. The business has a fifty day moving average price of $101.60 and a 200-day moving average price of $88.26.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the firm posted $0.90 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts forecast that C.H. Robinson Worldwide will post 4.13 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.32%. The ex-dividend date was Friday, September 6th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 98.02%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently made changes to their positions in the company. Central Pacific Bank Trust Division grew its stake in shares of C.H. Robinson Worldwide by 13.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock worth $110,000 after buying an additional 120 shares in the last quarter. Empirical Finance LLC grew its position in C.H. Robinson Worldwide by 3.4% in the first quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock worth $325,000 after acquiring an additional 140 shares in the last quarter. Quent Capital LLC increased its stake in C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after acquiring an additional 146 shares during the last quarter. Redwood Investment Management LLC increased its stake in C.H. Robinson Worldwide by 0.6% during the first quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock worth $2,143,000 after acquiring an additional 165 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in C.H. Robinson Worldwide by 168.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 185 shares during the period. 93.15% of the stock is currently owned by hedge funds and other 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.