C.H. Robinson Worldwide (NASDAQ:CHRW) PT Raised to $70.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective increased by Barclays from $65.00 to $70.00 in a research report sent to investors on Thursday, Benzinga reports. Barclays currently has an underweight rating on the transportation company’s stock.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their target price on shares of C.H. Robinson Worldwide from $75.00 to $70.00 and set an underweight rating on the stock in a research note on Tuesday, April 9th. BMO Capital Markets reduced 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. StockNews.com lowered C.H. Robinson Worldwide from a hold rating to a sell rating in a research report on Wednesday, February 28th. Wolfe Research raised shares of C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a report on Thursday, April 11th. Finally, Stifel Nicolaus upped their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a hold rating in a research note on Wednesday, January 10th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of Hold and an average price target of $82.60.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $81.20 on Thursday. The company has a market cap of $9.50 billion, a P/E ratio of 32.09, a PEG ratio of 4.17 and a beta of 0.75. The company has a current ratio of 1.37, a quick ratio of 1.40 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $72.85 and a two-hundred day moving average price of $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 released its earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.60 by $0.26. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. As a group, analysts anticipate that C.H. Robinson Worldwide will post 3.4 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed 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 of this dividend was Thursday, February 29th. This represents a $2.44 annualized dividend and a yield of 3.00%. C.H. Robinson Worldwide’s payout ratio is 96.44%.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in C.H. Robinson Worldwide by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 14,038,084 shares of the transportation company’s stock valued at $1,212,750,000 after acquiring an additional 174,041 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 0.6% during the 4th quarter. First Eagle Investment Management LLC now owns 9,482,897 shares of the transportation company’s stock valued at $819,227,000 after buying an additional 59,016 shares in the last quarter. Van ECK Associates Corp boosted its holdings in C.H. Robinson Worldwide by 13,682.5% in the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after buying an additional 2,643,193 shares during the period. Invesco Ltd. grew its stake in C.H. Robinson Worldwide by 15.0% in the 3rd quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock valued at $184,985,000 after buying an additional 280,177 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in C.H. Robinson Worldwide by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock valued at $151,689,000 after acquiring an additional 68,491 shares during the period. 93.15% of the stock is currently owned by 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.