Susquehanna Raises C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $85.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target upped by Susquehanna from $80.00 to $85.00 in a report published on Thursday, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

A number of other brokerages have also weighed in on CHRW. Bank of America decreased their price objective on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an underperform rating for the company in a report on Monday, April 15th. BMO Capital Markets lowered 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. Wells Fargo & Company reduced their price objective on C.H. Robinson Worldwide from $80.00 to $70.00 and set an underweight rating for the company in a report on Thursday, February 1st. JPMorgan Chase & Co. decreased their target price on C.H. Robinson Worldwide from $75.00 to $70.00 and set an underweight rating for the company in a research report on Tuesday, April 9th. Finally, StockNews.com downgraded shares of C.H. Robinson Worldwide from a hold rating to a sell rating in a report on Wednesday, February 28th. Six 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. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of Hold and a consensus target price of $82.60.

C.H. Robinson Worldwide Stock Up 0.3 %

C.H. Robinson Worldwide stock traded up $0.27 during mid-day trading on Thursday, hitting $81.20. The company had a trading volume of 2,545,846 shares, compared to its average volume of 1,743,609. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $105.18. The company has a market capitalization of $9.50 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 4.17 and a beta of 0.75. The stock’s 50 day moving average price is $72.85 and its two-hundred day moving average price is $79.10. 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 (NASDAQ:CHRW) last announced 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. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. C.H. Robinson Worldwide’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide will post 3.4 earnings per share 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. Investors of record on Friday, March 1st were issued 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 Trading of C.H. Robinson Worldwide

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

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.