Barclays Raises C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $70.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target boosted by Barclays from $65.00 to $70.00 in a research report released on Thursday morning, Benzinga reports. Barclays currently has an underweight rating on the transportation company’s stock.

CHRW has been the topic of several other research reports. Wolfe Research raised C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a research report on Thursday, April 11th. Bank of America lowered their price objective on C.H. Robinson Worldwide from $70.00 to $68.00 and set an underperform rating on the stock in a research report on Monday, April 15th. StockNews.com cut shares of C.H. Robinson Worldwide from a hold rating to a sell rating in a research report on Wednesday, February 28th. Susquehanna upped their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a neutral rating in a research note on Thursday. Finally, Stifel Nicolaus lifted their price objective on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a hold rating in a research note on Wednesday, January 10th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of Hold and a consensus price target of $82.60.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $0.27 during mid-day trading on Thursday, hitting $81.20. 2,545,846 shares of the company’s stock traded hands, compared to its average volume of 1,743,609. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.40. The firm has a 50 day simple moving average of $72.85 and a two-hundred day simple moving average of $79.10. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $105.18. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 4.17 and a beta of 0.75.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the company posted $0.98 EPS. C.H. Robinson Worldwide’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, research analysts expect that C.H. Robinson Worldwide will post 3.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given 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 was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is 96.44%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in C.H. Robinson Worldwide by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 14,038,084 shares of the transportation company’s stock valued at $1,212,750,000 after purchasing an additional 174,041 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in C.H. Robinson Worldwide by 0.6% in the 4th quarter. First Eagle Investment Management LLC now owns 9,482,897 shares of the transportation company’s stock valued at $819,227,000 after buying an additional 59,016 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of C.H. Robinson Worldwide by 13,682.5% during the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after purchasing an additional 2,643,193 shares during the period. Invesco Ltd. grew its stake in shares of C.H. Robinson Worldwide by 15.0% in the third quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock worth $184,985,000 after purchasing an additional 280,177 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in C.H. Robinson Worldwide by 4.1% in the fourth quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock valued at $151,689,000 after purchasing an additional 68,491 shares during the period. 93.15% of the stock is currently 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.