C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Increased to $70.00 by Analysts at Barclays

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

A number of other brokerages also recently commented on CHRW. TD Cowen lifted their target price on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a hold rating in a research note on Thursday. Susquehanna upped their price objective on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a neutral rating in a report on Thursday. Stifel Nicolaus upped their price target on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a hold rating in a research note on Wednesday, January 10th. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of C.H. Robinson Worldwide from $75.00 to $70.00 and set an underweight rating on the stock in a research note on Tuesday, April 9th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $82.60.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW traded up $0.27 during trading hours on Thursday, reaching $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 firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 4.16 and a beta of 0.75. The company’s 50-day moving average is $72.85 and its two-hundred day moving average is $79.15. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $105.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.60 by $0.26. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter 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. On average, equities analysts predict that C.H. Robinson Worldwide will post 3.24 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm 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. This represents a $2.44 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 96.44%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in 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 worth $1,212,750,000 after purchasing an additional 174,041 shares during the last quarter. First Eagle Investment Management LLC lifted its position 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 worth $819,227,000 after acquiring an additional 59,016 shares during the period. Van ECK Associates Corp grew its stake in shares of C.H. Robinson Worldwide by 13,682.5% in the 1st 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 during the last quarter. Invesco Ltd. raised its stake in shares of C.H. Robinson Worldwide by 15.0% during the third quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock worth $184,985,000 after purchasing an additional 280,177 shares during the last quarter. Finally, Wellington Management Group LLP grew its position 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 valued at $151,689,000 after buying an additional 68,491 shares during the last quarter. 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.