JPMorgan Chase & Co. Boosts C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $76.00

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

Several other equities research analysts also recently commented on CHRW. Wolfe Research upgraded C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a report on Thursday, April 11th. BMO Capital Markets decreased their target price on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a market perform rating for the company in a research report on Thursday, February 1st. StockNews.com cut shares of C.H. Robinson Worldwide from a hold rating to a sell rating in a research report on Wednesday, February 28th. Susquehanna increased their price objective on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a neutral rating in a research note on Thursday. Finally, BNP Paribas reiterated a neutral rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $82.60.

C.H. Robinson Worldwide Trading Up 0.3 %

C.H. Robinson Worldwide stock traded up $0.27 during trading hours on Thursday, reaching $81.20. 2,545,846 shares of the company’s stock were exchanged, compared to its average volume of 1,743,609. The firm has a market capitalization of $9.50 billion, a PE ratio of 32.09, a PEG ratio of 4.16 and a beta of 0.75. The company has a quick ratio of 1.40, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. The firm’s 50 day simple moving average is $72.85 and its 200 day simple moving average is $79.15. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $105.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the prior year, the business earned $0.98 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. Research 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 announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $0.61 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.44 annualized dividend and a dividend yield of 3.00%. C.H. Robinson Worldwide’s payout ratio is presently 96.44%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently added to or reduced their stakes in CHRW. Vanguard Group Inc. lifted its stake in shares of C.H. Robinson Worldwide by 1.3% during 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 buying an additional 174,041 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in 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 acquiring an additional 59,016 shares during the period. Van ECK Associates Corp grew its position in shares of C.H. Robinson Worldwide by 13,682.5% in the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock valued at $202,723,000 after purchasing an additional 2,643,193 shares in the last quarter. Invesco Ltd. raised its stake in shares of C.H. Robinson Worldwide by 15.0% during the 3rd quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock valued at $184,985,000 after purchasing an additional 280,177 shares during the period. Finally, Wellington Management Group LLP boosted its stake in C.H. Robinson Worldwide by 4.1% in the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after purchasing an additional 68,491 shares during the period. 93.15% of the stock is 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.