C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Increased to $120.00 by Analysts at Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target increased 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.

A number of other analysts also recently issued reports on the stock. Bank of America upgraded shares of C.H. Robinson Worldwide from an underperform rating to a buy rating and lifted their price target for the company from $76.00 to $99.00 in a report on Monday, July 22nd. StockNews.com raised shares of C.H. Robinson Worldwide from a sell rating to a hold rating in a research report on Friday, June 7th. Barclays boosted their price target on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an underweight rating in a research report on Friday, August 2nd. Benchmark increased their target price on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a buy rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a neutral rating to an overweight rating and boosted their price target for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $95.33.

C.H. Robinson Worldwide Trading Up 0.7 %

NASDAQ CHRW opened at $108.34 on Thursday. The stock has a 50 day simple moving average of $99.78 and a two-hundred day simple moving average of $87.26. The stock has a market cap of $12.69 billion, a P/E ratio of 42.82, a price-to-earnings-growth ratio of 2.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. 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 issued its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the company posted $0.90 earnings per share. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts forecast that C.H. Robinson Worldwide will post 4.13 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders 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 yield of 2.29%. 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 currently 98.02%.

Insider Activity

In related news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction 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 transaction, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the business. Quent Capital LLC raised its stake in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 146 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of 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 worth $26,000 after purchasing an additional 185 shares in the last quarter. UMB Bank n.a. boosted its position in shares of C.H. Robinson Worldwide by 147.0% in the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock worth $38,000 after buying an additional 294 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter worth about $49,000. Finally, EdgeRock Capital LLC acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at about $62,000. 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.