Barclays Issues Positive Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective hoisted by Barclays from $75.00 to $85.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has an underweight rating on the transportation company’s stock.

A number of other research firms have also issued reports on CHRW. The Goldman Sachs Group boosted their target price on C.H. Robinson Worldwide from $90.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. BMO Capital Markets boosted their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday. Citigroup began coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $115.00 target price for the company. Wells Fargo & Company boosted their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird increased their price target on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $106.25.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $101.82 on Thursday. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.84. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $113.10. The company has a quick ratio of 1.42, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average price of $105.72 and a 200 day moving average price of $93.32.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) 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 business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts predict that C.H. Robinson Worldwide will post 4.27 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend 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 payout ratio is 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 C.H. Robinson Worldwide stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the transaction, the insider now owns 70,943 shares in the company, valued at approximately $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. First Eagle Investment Management LLC grew its holdings 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 in the last quarter. Interval Partners LP purchased a new position in C.H. Robinson Worldwide in the 2nd quarter valued at about $82,581,000. Pzena Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $66,474,000. Point72 Asset Management L.P. acquired a new position in C.H. Robinson Worldwide in the second quarter worth $69,378,000. Finally, ProShare Advisors LLC raised its stake 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 during the period. 93.15% of the stock is 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.