C.H. Robinson Worldwide (CHRW) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for C.H. Robinson Worldwide (NASDAQ: CHRW):

• 10/9/2024 – C.H. Robinson Worldwide had its price target raised by analysts at The Goldman Sachs Group, Inc. from $90.00 to $97.00. They now have a “neutral” rating on the stock.
• 10/9/2024 – C.H. Robinson Worldwide is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $115.00 price target on the stock.
• 10/4/2024 – C.H. Robinson Worldwide was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $140.00 price target on the stock, up previously from $100.00.
• 10/3/2024 – C.H. Robinson Worldwide had its price target raised by analysts at Evercore ISI from $112.00 to $122.00. They now have an “outperform” rating on the stock.
• 9/26/2024 – C.H. Robinson Worldwide had its price target raised by analysts at Susquehanna from $95.00 to $120.00. They now have a “neutral” rating on the stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $107.86 on Thursday. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 42.63, a P/E/G ratio of 2.19 and a beta of 0.82. The firm has a fifty day moving average price of $104.61 and a 200 day moving average price of $91.46. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. 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 (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, beating 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 business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The business’s revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share 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. Shareholders of record on Friday, September 6th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.30%. The ex-dividend date was Friday, September 6th. This is a boost 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%.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,894 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was 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 directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Swedbank AB purchased a new position in C.H. Robinson Worldwide during the first quarter worth $1,051,000. Norden Group LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth about $4,585,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 13.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock worth $16,301,000 after purchasing an additional 26,156 shares during the period. Cetera Advisors LLC bought a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $6,665,000. Finally, Janney Montgomery Scott LLC raised its position in C.H. Robinson Worldwide by 30.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 144,984 shares of the transportation company’s stock worth $11,039,000 after purchasing an additional 33,995 shares during the period. Institutional investors own 93.15% of the company’s stock.

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.