C.H. Robinson Worldwide (NASDAQ:CHRW) PT Raised to $70.00 at Barclays

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price lifted by Barclays from $65.00 to $70.00 in a research report sent to investors on Thursday morning, Benzinga reports. Barclays currently has an underweight rating on the transportation company’s stock.

Several other research firms also recently commented on CHRW. Wells Fargo & Company cut their price objective on shares of 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. cut 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 note on Tuesday, April 9th. BMO Capital Markets cut their price objective 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. Stifel Nicolaus upped their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a hold rating in a report on Wednesday, January 10th. Finally, 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 for the company in a research report on Monday, April 15th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $82.60.

C.H. Robinson Worldwide Stock Performance

CHRW 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 stock’s fifty day moving average price is $72.85 and its two-hundred day moving average price is $79.15. The firm has a market cap of $9.50 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 4.16 and a beta of 0.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.40 and a current ratio of 1.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the company earned $0.98 earnings per share. C.H. Robinson Worldwide’s revenue was down 4.3% compared to the same quarter last year. On average, analysts forecast that C.H. Robinson Worldwide will post 3.24 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.44 annualized dividend and a yield of 3.00%. C.H. Robinson Worldwide’s payout ratio is 96.44%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Montag A & Associates Inc. purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $30,000. Larson Financial Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $31,000. Pacific Center for Financial Services purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at about $34,000. UMB Bank n.a. raised its stake in 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 buying an additional 294 shares in the last quarter. Finally, Evermay Wealth Management LLC lifted its holdings in 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 buying an additional 420 shares during the period. 93.15% of the stock is currently owned by 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.