C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Increased to $86.00 by Analysts at TD Cowen

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target lifted by TD Cowen from $79.00 to $86.00 in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a hold rating on the transportation company’s stock.

A number of other brokerages have also recently commented on CHRW. Wolfe Research upgraded C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a research report on Thursday, April 11th. Stifel Nicolaus increased 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 research note on Wednesday, January 10th. BNP Paribas restated a neutral rating and issued a $76.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Bank of America reduced their price target on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an underperform rating on the stock in a research report on Monday, April 15th. Finally, Barclays reissued an underweight rating and issued a $65.00 price objective (down from $80.00) on shares of C.H. Robinson Worldwide in a research note on Monday, April 1st. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of Hold and an average target price of $82.60.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $0.27 during midday trading on Thursday, hitting $81.20. The company’s stock had a trading volume of 2,545,846 shares, compared to its average volume of 1,743,609. 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 company has a market cap of $9.50 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 4.16 and a beta of 0.75. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $105.18. The company has a 50-day moving average price of $72.85 and a two-hundred day moving average price of $79.15.

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 for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. As a group, sell-side analysts predict that C.H. Robinson Worldwide will post 3.24 earnings per share 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. Stockholders of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is currently 96.44%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several large investors have recently added to or reduced their stakes in the business. Mediolanum International Funds Ltd bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $659,000. Pzena Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $66,474,000. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of C.H. Robinson Worldwide by 37.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,513 shares of the transportation company’s stock valued at $496,000 after acquiring an additional 1,778 shares during the period. FORA Capital LLC boosted its position in C.H. Robinson Worldwide by 58.5% during the first quarter. FORA Capital LLC now owns 49,143 shares of the transportation company’s stock worth $3,742,000 after purchasing an additional 18,133 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of C.H. Robinson Worldwide by 9.7% in the first quarter. Daiwa Securities Group Inc. now owns 11,444 shares of the transportation company’s stock valued at $871,000 after acquiring an additional 1,014 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

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.