C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $85.00 at BMO Capital Markets

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price upped by BMO Capital Markets from $80.00 to $85.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a market perform rating on the transportation company’s stock.

Several other research analysts have also recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an underweight rating in a report on Thursday. Bank of America lowered their price objective on 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. Wolfe Research upgraded C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a research note on Thursday, April 11th. Wells Fargo & Company dropped their price target on shares of 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. Finally, Barclays increased their target price on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an underweight rating in a research report on Thursday. Six research 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. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of Hold and an average target price of $82.60.

C.H. Robinson Worldwide Stock Up 0.3 %

Shares of CHRW traded up $0.27 during mid-day trading on Friday, hitting $81.20. 2,545,846 shares of the company’s stock were exchanged, compared to its average volume of 1,743,609. 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 company has a market cap 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 stock’s 50-day moving average is $72.85 and its 200-day moving average is $79.15. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $105.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. On average, sell-side analysts anticipate that C.H. Robinson Worldwide will post 3.24 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given 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 (DPR) is 96.44%.

Institutional Inflows and Outflows

Several large 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 4th quarter worth approximately $30,000. Larson Financial Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth $31,000. Pacific Center for Financial Services acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $34,000. UMB Bank n.a. increased its holdings in shares of C.H. Robinson Worldwide by 147.0% in the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 294 shares in the last quarter. Finally, Evermay Wealth Management LLC lifted 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 valued at $47,000 after purchasing an additional 420 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Company Profile

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.