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

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective lifted by Susquehanna from $80.00 to $85.00 in a research report sent to investors on Thursday morning, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

A number of other equities research analysts have also issued reports on the stock. BNP Paribas reaffirmed a neutral rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Bank of America dropped their price objective on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an underperform rating for the company in a research note on Monday, April 15th. JPMorgan Chase & Co. decreased their target price 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. BMO Capital Markets dropped their price target on 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. Finally, StockNews.com downgraded C.H. Robinson Worldwide from a hold rating to a sell rating in a research report on Wednesday, February 28th. Six equities 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $82.60.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded up $0.27 during mid-day trading on Thursday, hitting $81.20. 2,545,846 shares of the company 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. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $105.18. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 4.17 and a beta of 0.75. The company has a 50 day moving average of $72.85 and a 200-day moving average of $79.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Analysts expect that C.H. Robinson Worldwide will post 3.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CHRW. Mediolanum International Funds Ltd acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $659,000. Pzena Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the first quarter worth $66,474,000. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of C.H. Robinson Worldwide by 37.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,513 shares of the transportation company’s stock valued at $496,000 after buying an additional 1,778 shares in the last quarter. FORA Capital LLC raised its holdings in shares of C.H. Robinson Worldwide by 58.5% in the 1st quarter. FORA Capital LLC now owns 49,143 shares of the transportation company’s stock valued at $3,742,000 after buying an additional 18,133 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in C.H. Robinson Worldwide by 9.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 11,444 shares of the transportation company’s stock valued at $871,000 after acquiring an additional 1,014 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

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.