C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Expected to Rise, Robert W. Baird Analyst Says

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price boosted by Robert W. Baird from $115.00 to $124.00 in a research note published on Friday,Benzinga reports. Robert W. Baird currently has a neutral rating on the transportation company’s stock.

CHRW has been the topic of several other research reports. Susquehanna decreased their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Barclays raised their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. BMO Capital Markets upped their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday. Evercore ISI raised their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average price target of $111.19.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $111.38 on Friday. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $114.82. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of 38.54, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. The company’s 50-day moving average is $108.09 and its two-hundred day moving average is $99.61. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data 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. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. Research analysts expect that C.H. Robinson Worldwide will post 4.38 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a yield of 2.23%. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $11,865,000. Franklin Resources Inc. grew its stake in shares of C.H. Robinson Worldwide by 59.6% during the third quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock valued at $8,074,000 after acquiring an additional 27,370 shares in the last quarter. Tidal Investments LLC increased its position in shares of C.H. Robinson Worldwide by 50.5% during the third quarter. Tidal Investments LLC now owns 22,286 shares of the transportation company’s stock worth $2,460,000 after acquiring an additional 7,482 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 2.3% in the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after acquiring an additional 144 shares in the last quarter. Finally, TCW Group Inc. boosted its holdings in C.H. Robinson Worldwide by 12.7% in the third quarter. TCW Group Inc. now owns 28,565 shares of the transportation company’s stock valued at $3,153,000 after purchasing an additional 3,209 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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.