BMO Capital Markets Boosts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $85.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective upped by BMO Capital Markets from $80.00 to $85.00 in a research note published on Friday morning, Benzinga reports. They currently have a market perform rating on the transportation company’s stock.

CHRW has been the subject of several other reports. Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an underweight rating in a research note on Thursday. Stifel Nicolaus upped their price target on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a hold rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. increased their price target on C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an underweight rating in a research report on Thursday. TD Cowen boosted their price objective on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a hold rating in a report on Thursday. Finally, BNP Paribas reaffirmed a neutral rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $82.60.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $81.20 on Friday. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 4.17 and a beta of 0.75. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.40. The stock’s fifty day moving average price is $72.85 and its 200 day moving average price is $79.10. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $105.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. As a group, equities research analysts forecast that C.H. Robinson Worldwide will post 3.4 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $0.61 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.44 dividend on an annualized basis and a yield of 3.00%. C.H. Robinson Worldwide’s dividend payout ratio is currently 96.44%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of large investors have recently added to or reduced their stakes in the stock. Vision Capital Management Inc. increased its stake in shares of C.H. Robinson Worldwide by 0.8% during the fourth quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock worth $1,435,000 after purchasing an additional 129 shares in the last quarter. Cascade Investment Advisors Inc. increased its stake in C.H. Robinson Worldwide by 1.1% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 13,665 shares of the transportation company’s stock worth $1,177,000 after buying an additional 145 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in shares of C.H. Robinson Worldwide by 3.4% during the third quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock valued at $393,000 after acquiring an additional 149 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its position in shares of C.H. Robinson Worldwide by 2.9% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock valued at $503,000 after acquiring an additional 165 shares in the last quarter. Finally, Kentucky Retirement Systems boosted its stake in shares of C.H. Robinson Worldwide by 2.0% in the fourth quarter. Kentucky Retirement Systems now owns 9,333 shares of the transportation company’s stock worth $806,000 after acquiring an additional 181 shares during the last quarter. 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.