C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $76.00 at JPMorgan Chase & Co.

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective upped by JPMorgan Chase & Co. from $70.00 to $76.00 in a research note published on Thursday morning, Benzinga reports. They currently have an underweight rating on the transportation company’s stock.

A number of other equities analysts have also recently weighed in on the stock. Barclays upped their price objective 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. BNP Paribas reiterated a neutral rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Stifel Nicolaus upped their price target on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a hold rating in a report on Wednesday, January 10th. Wells Fargo & Company dropped their target price on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an underweight rating for the company in a research report on Thursday, February 1st. Finally, TD Cowen upped their price objective on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a hold rating in a research note on Thursday. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $82.60.

C.H. Robinson Worldwide Stock Up 0.3 %

C.H. Robinson Worldwide stock traded up $0.27 during trading on Thursday, reaching $81.20. 2,545,846 shares of the company’s stock were exchanged, compared to its average volume of 1,743,609. The company’s 50-day moving average is $72.85 and its two-hundred day moving average is $79.15. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 4.16 and a beta of 0.75. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $105.18. 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 (NASDAQ:CHRW) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $4.27 billion. During the same period last year, the business posted $0.98 EPS. The company’s revenue was down 4.3% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide will post 3.24 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Prime Capital Investment Advisors LLC acquired a new stake in C.H. Robinson Worldwide in the fourth quarter worth approximately $2,960,000. GSA Capital Partners LLP raised its position in C.H. Robinson Worldwide by 8.8% in the third quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company’s stock worth $796,000 after acquiring an additional 746 shares in the last quarter. abrdn plc boosted its position in shares of C.H. Robinson Worldwide by 9.5% during the 3rd quarter. abrdn plc now owns 394,466 shares of the transportation company’s stock valued at $33,975,000 after purchasing an additional 34,300 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of C.H. Robinson Worldwide by 28.3% in the 3rd quarter. Nordea Investment Management AB now owns 309,074 shares of the transportation company’s stock worth $26,979,000 after purchasing an additional 68,256 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in C.H. Robinson Worldwide by 10.6% during the fourth quarter. Brookstone Capital Management now owns 6,288 shares of the transportation company’s stock valued at $543,000 after purchasing an additional 605 shares during the last quarter. 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.