C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $120.00 Price Target at Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW - Free Report) had its target price increased by Susquehanna from $115.00 to $120.00 in a research note published on Tuesday,Benzinga reports. The firm currently has a positive rating on the transportation company's stock.

CHRW has been the topic of a number of other research reports. Raymond James Financial dropped their price objective on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. dropped their price target on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Evercore ISI cut their price target on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company lowered their target price on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, Bank of America boosted their price target on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus price target of $114.52.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded down $1.57 on Tuesday, hitting $92.71. 818,571 shares of the stock traded hands, compared to its average volume of 1,315,048. The company's fifty day moving average is $93.77 and its 200 day moving average is $98.42. C.H. Robinson Worldwide has a 1-year low of $84.24 and a 1-year high of $114.82. The company has a market capitalization of $11.01 billion, a PE ratio of 22.18, a PEG ratio of 1.54 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. C.H. Robinson Worldwide's quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities research analysts predict that C.H. Robinson Worldwide will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be issued a $0.62 dividend. The ex-dividend date is Friday, June 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.68%. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

Insider Activity

In other news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider now owns 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently bought and sold shares of the business. Boston Partners purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter worth approximately $234,304,000. Norges Bank purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $134,833,000. Raymond James Financial Inc. acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at approximately $102,174,000. First Trust Advisors LP lifted its position in C.H. Robinson Worldwide by 163.6% in the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock worth $124,625,000 after buying an additional 748,661 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of C.H. Robinson Worldwide by 25.7% during the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after buying an additional 593,211 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.