C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $86.00 Price Target at TD Cowen

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective increased by TD Cowen from $79.00 to $86.00 in a research note published on Thursday morning, MarketBeat Ratings reports. TD Cowen currently has a hold rating on the transportation company’s stock.

A number of other analysts also recently issued reports on the company. BNP Paribas reaffirmed a neutral rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Wells Fargo & Company decreased their target price on C.H. Robinson Worldwide from $80.00 to $70.00 and set an underweight rating for the company in a research note on Thursday, February 1st. Barclays reiterated an underweight rating and issued a $65.00 price target (down from $80.00) on shares of C.H. Robinson Worldwide in a research note on Monday, April 1st. Susquehanna boosted their price objective on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a neutral rating in a research report on Monday, March 25th. Finally, StockNews.com downgraded shares of C.H. Robinson Worldwide from a hold rating to a sell rating in a research report on Wednesday, February 28th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $82.60.

C.H. Robinson Worldwide Stock Up 0.3 %

CHRW stock opened at $81.20 on Thursday. The company’s 50 day moving average price is $72.85 and its 200 day moving average price is $79.10. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 4.17 and a beta of 0.75. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two 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 quarterly earnings data 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 company had revenue of $4.41 billion for 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%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. On average, equities research analysts anticipate that C.H. Robinson Worldwide will post 3.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently added to or reduced their stakes in CHRW. Prime Capital Investment Advisors LLC acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $2,960,000. GSA Capital Partners LLP raised its stake in shares of C.H. Robinson Worldwide by 8.8% during the third quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company’s stock worth $796,000 after purchasing an additional 746 shares during the last quarter. abrdn plc lifted its holdings in shares of C.H. Robinson Worldwide by 9.5% during the third quarter. abrdn plc now owns 394,466 shares of the transportation company’s stock worth $33,975,000 after purchasing an additional 34,300 shares during the period. Nordea Investment Management AB grew its position in 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 valued at $26,979,000 after buying an additional 68,256 shares during the last quarter. Finally, Brookstone Capital Management grew its position in C.H. Robinson Worldwide by 10.6% in the 4th quarter. Brookstone Capital Management now owns 6,288 shares of the transportation company’s stock valued at $543,000 after buying 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.