C.H. Robinson Worldwide (NASDAQ:CHRW) PT Raised to $88.00 at Robert W. Baird

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective upped by Robert W. Baird from $80.00 to $88.00 in a research report report published on Wednesday, Benzinga reports. Robert W. Baird currently has a neutral rating on the transportation company’s stock.

CHRW has been the topic of a number of other research reports. Bank of America dropped their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an underperform rating on the stock in a research note on Monday, April 15th. Barclays raised their target price on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an underweight rating in a research note on Thursday, May 2nd. Raymond James assumed coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They issued a market perform rating on the stock. Evercore ISI upgraded shares of C.H. Robinson Worldwide from an in-line rating to an outperform rating and raised their price objective for the stock from $82.00 to $99.00 in a research report on Tuesday, June 25th. Finally, Wolfe Research raised C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a research report on Thursday, April 11th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of Hold and a consensus target price of $85.53.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $87.51 on Wednesday. The company has a fifty day moving average price of $83.68 and a two-hundred day moving average price of $79.83. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $100.88. The stock has a market cap of $10.25 billion, a P/E ratio of 34.59, a P/E/G ratio of 2.61 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.26. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. C.H. Robinson Worldwide’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. As a group, equities analysts predict that C.H. Robinson Worldwide will post 3.59 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were paid a $0.61 dividend. The ex-dividend date was Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a yield of 2.79%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 96.44%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Large investors have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV lifted its position in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after buying an additional 185 shares during the last quarter. Montag A & Associates Inc. acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth about $30,000. Pacific Center for Financial Services acquired a new position in C.H. Robinson Worldwide during the third quarter worth about $34,000. UMB Bank n.a. boosted its stake 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 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. Institutional investors and hedge funds own 93.15% of the company’s stock.

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.