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

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

Several other equities analysts also recently commented on CHRW. BMO Capital Markets decreased their price objective on shares of 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. BNP Paribas reiterated a neutral rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Susquehanna raised their price objective on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a neutral rating in a research report on Monday, March 25th. JPMorgan Chase & Co. decreased their target price on C.H. Robinson Worldwide from $75.00 to $70.00 and set an underweight rating on the stock in a research report on Tuesday, April 9th. Finally, Wells Fargo & Company lowered their target price on C.H. Robinson Worldwide from $80.00 to $70.00 and set an underweight rating on the stock in a research note on Thursday, February 1st. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $82.60.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded up $0.27 during mid-day trading on Thursday, hitting $81.20. The stock had a trading volume of 2,545,846 shares, compared to its average volume of 1,743,609. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $105.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.40 and a current ratio of 1.37. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 4.17 and a beta of 0.75. The company’s 50 day simple moving average is $72.85 and its 200 day simple moving average is $79.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) 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 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 business’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.98 earnings per share. On average, equities research analysts forecast that C.H. Robinson Worldwide will post 3.4 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis 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%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in CHRW. Montag A & Associates Inc. acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $30,000. Larson Financial Group LLC acquired a new position in C.H. Robinson Worldwide during the third quarter worth about $31,000. Pacific Center for Financial Services bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $34,000. UMB Bank n.a. lifted its holdings 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 acquiring an additional 294 shares during the last quarter. Finally, Evermay Wealth Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 336.0% in the 4th quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 420 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.