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

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

CHRW has been the topic of a number of other research reports. Barclays boosted 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 report on Thursday. StockNews.com lowered shares of C.H. Robinson Worldwide from a hold rating to a sell rating in a report on Wednesday, February 28th. Stifel Nicolaus upped their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a hold rating in a research note on Wednesday, January 10th. Bank of America dropped their target price on C.H. Robinson Worldwide from $70.00 to $68.00 and set an underperform rating for the company in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. upped their target price 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. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of Hold and an average target price of $82.60.

C.H. Robinson Worldwide Stock Up 0.3 %

NASDAQ CHRW traded up $0.27 during trading on Friday, reaching $81.20. The company’s stock had a trading volume of 2,545,846 shares, compared to its average volume of 1,743,609. The stock has a market capitalization of $9.50 billion, a PE ratio of 32.09, a PEG ratio of 4.16 and a beta of 0.75. The business has a 50-day moving average price of $72.85 and a 200-day moving average price of $79.15. The company has a current ratio of 1.37, a quick ratio of 1.40 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $105.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results 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. 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 quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. On average, research analysts forecast that C.H. Robinson Worldwide will post 3.24 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders 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 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 Trading of C.H. Robinson Worldwide

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