C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $80.00 at Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective raised by Susquehanna from $79.00 to $80.00 in a report issued on Monday morning, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company dropped their target price on C.H. Robinson Worldwide from $80.00 to $70.00 and set an underweight rating on the stock in a report on Thursday, February 1st. BMO Capital Markets dropped their price target on C.H. Robinson Worldwide from $90.00 to $85.00 and set a market perform rating on the stock in a report on Thursday, February 1st. Stifel Nicolaus lifted their price target on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a hold rating in a report on Wednesday, January 10th. StockNews.com lowered C.H. Robinson Worldwide from a hold rating to a sell rating in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. dropped their price target on C.H. Robinson Worldwide from $78.00 to $75.00 and set an underweight rating on the stock in a report on Thursday, February 1st. Five analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of Hold and a consensus price target of $84.36.

C.H. Robinson Worldwide Stock Up 2.0 %

Shares of NASDAQ:CHRW opened at $74.32 on Monday. 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 business’s 50 day simple moving average is $76.17 and its two-hundred day simple moving average is $81.79. The firm has a market cap of $8.69 billion, a P/E ratio of 27.42, a PEG ratio of 3.71 and a beta of 0.72.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its 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 net margin of 1.85% and a return on equity of 27.61%. The company had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.35 billion. As a group, research analysts forecast that C.H. Robinson Worldwide will post 3.36 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently made changes to their positions in the stock. Nomura Holdings Inc. purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $203,000. Vanguard Group Inc. grew its position in C.H. Robinson Worldwide by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 14,038,084 shares of the transportation company’s stock worth $1,212,750,000 after buying an additional 174,041 shares in the last quarter. Wellington Management Group LLP grew its position in C.H. Robinson Worldwide by 4.1% during the fourth quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after buying an additional 68,491 shares in the last quarter. Royal London Asset Management Ltd. grew its position in C.H. Robinson Worldwide by 2.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 48,840 shares of the transportation company’s stock worth $4,219,000 after buying an additional 1,079 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. grew its position in C.H. Robinson Worldwide by 0.7% during the fourth quarter. Speece Thorson Capital Group Inc. now owns 127,825 shares of the transportation company’s stock worth $11,043,000 after buying an additional 921 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other 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.