TD Cowen Raises C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $103.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective lifted by TD Cowen from $86.00 to $103.00 in a research report released on Thursday, Marketbeat reports. The brokerage currently has a hold rating on the transportation company’s stock.

A number of other equities research analysts have also recently issued reports on CHRW. Raymond James began coverage on C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They issued a market perform rating on the stock. Susquehanna raised their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a neutral rating in a report on Thursday, May 2nd. Robert W. Baird increased their target price on C.H. Robinson Worldwide from $80.00 to $88.00 and gave the stock a neutral rating in a research report on Wednesday, July 3rd. Wolfe Research raised C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a report on Thursday, April 11th. Finally, Evercore ISI upgraded C.H. Robinson Worldwide from an in-line rating to an outperform rating and upped their price target for the company from $82.00 to $99.00 in a research report on Tuesday, June 25th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $94.06.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded down $1.39 during mid-day trading on Thursday, reaching $97.24. 9,052 shares of the company’s stock were exchanged, compared to its average volume of 1,660,320. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 38.98, a price-to-earnings-growth ratio of 2.63 and a beta of 0.80. The firm has a 50-day moving average price of $87.71 and a two-hundred day moving average price of $80.19. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.37. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $105.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts predict that C.H. Robinson Worldwide will post 3.73 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.51%. The ex-dividend date was Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 96.44%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CHRW. Cascade Investment Advisors Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 10.4% during the first quarter. Cascade Investment Advisors Inc. now owns 15,350 shares of the transportation company’s stock worth $1,169,000 after purchasing an additional 1,450 shares during the period. Prime Capital Investment Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $2,960,000. BNP Paribas Financial Markets increased its stake in shares of C.H. Robinson Worldwide by 21.0% during the fourth quarter. BNP Paribas Financial Markets now owns 155,894 shares of the transportation company’s stock valued at $13,468,000 after buying an additional 27,103 shares during the period. Norden Group LLC bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $4,585,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of C.H. Robinson Worldwide by 13.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock valued at $16,301,000 after acquiring an additional 26,156 shares in the last quarter. 93.15% of the stock is 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.