C.H. Robinson Worldwide (NASDAQ:CHRW) Given Neutral Rating at BNP Paribas

BNP Paribas reissued their neutral rating on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a research report sent to investors on Wednesday, MarketBeat reports. BNP Paribas currently has a $76.00 price target on the transportation company’s stock.

CHRW has been the subject of a number of other reports. BMO Capital Markets lowered their target price on C.H. Robinson Worldwide from $90.00 to $85.00 and set a market perform rating for the company in a research note on Thursday, February 1st. Stifel Nicolaus raised their price objective on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a hold rating in a report on Wednesday, January 10th. Susquehanna upped their target price on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a neutral rating in a research note on Monday. StockNews.com lowered C.H. Robinson Worldwide from a hold rating to a sell rating in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company reduced their price target on C.H. Robinson Worldwide from $80.00 to $70.00 and set an underweight rating for the company in a research report on Thursday, February 1st. Five research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of Hold and a consensus target price of $84.36.

C.H. Robinson Worldwide Price Performance

CHRW opened at $74.32 on Wednesday. C.H. Robinson Worldwide has a 52 week low of $69.11 and a 52 week high of $106.14. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $8.69 billion, a PE ratio of 27.42, a P/E/G ratio of 3.71 and a beta of 0.72. The company has a fifty day moving average price of $76.17 and a two-hundred day moving average price of $81.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The firm had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. As a group, analysts anticipate that C.H. Robinson Worldwide will post 3.36 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be paid a $0.61 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $2.44 annualized dividend and a yield of 3.28%. C.H. Robinson Worldwide’s dividend payout ratio is 90.04%.

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $30,000. West Tower Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the second quarter worth approximately $31,000. Quarry LP acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $30,000. Montag A & Associates Inc. bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $30,000. Finally, Larson Financial Group LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth $31,000. 93.15% of the stock is 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.