C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $76.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective increased by JPMorgan Chase & Co. from $70.00 to $76.00 in a report issued on Thursday, Benzinga reports. The firm currently has an underweight rating on the transportation company’s stock.

CHRW has been the topic of a number of other reports. Susquehanna raised their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a neutral rating in a research report on Thursday. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a research report on Thursday, April 11th. Wells Fargo & Company cut 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 note on Thursday, February 1st. Barclays lifted their price objective on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an underweight rating in a report on Thursday. Finally, StockNews.com lowered C.H. Robinson Worldwide from a hold rating to a sell rating in a report on Wednesday, February 28th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of Hold and an average price target of $82.60.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded up $0.27 during trading on Thursday, reaching $81.20. 2,545,846 shares of the stock were exchanged, compared to its average volume of 1,743,609. The firm has a market cap of $9.50 billion, a PE 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. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $105.18. The stock has a 50-day moving average price of $72.85 and a 200-day moving average price of $79.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.26. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. Research analysts expect that C.H. Robinson Worldwide will post 3.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given 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%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHRW. Montag A & Associates Inc. acquired a new position in C.H. Robinson Worldwide in the 4th quarter worth about $30,000. Larson Financial Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $31,000. Pacific Center for Financial Services bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $34,000. UMB Bank n.a. raised its holdings in C.H. Robinson Worldwide by 147.0% in the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after buying an additional 294 shares during the last quarter. Finally, Evermay Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 336.0% during the 4th quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after buying an additional 420 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.