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

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price increased by JPMorgan Chase & Co. from $70.00 to $76.00 in a report released on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the transportation company’s stock.

Several other analysts have also weighed in on CHRW. Stifel Nicolaus boosted their price objective on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a hold rating in a report on Wednesday, January 10th. StockNews.com downgraded C.H. Robinson Worldwide from a hold rating to a sell rating in a report on Wednesday, February 28th. Wolfe Research upgraded C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a research note on Thursday, April 11th. Bank of America lowered their target price on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an underperform rating for the company in a research note on Monday, April 15th. Finally, BNP Paribas restated a neutral rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. 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 company’s stock. Based on data from MarketBeat, the company currently 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 opened at $81.20 on Thursday. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $105.18. The company has a current ratio of 1.37, a quick ratio of 1.40 and a debt-to-equity ratio of 0.99. The stock has a market cap of $9.50 billion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 4.17 and a beta of 0.75. The stock has a 50 day moving average of $72.85 and a 200-day moving average of $79.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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 firm 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 firm’s 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, analysts expect that C.H. Robinson Worldwide will post 3.4 EPS 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 paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 3.00%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s payout ratio is currently 96.44%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings 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 worth $1,212,750,000 after purchasing an additional 174,041 shares during the period. First Eagle Investment Management LLC raised its position in shares of C.H. Robinson Worldwide by 0.6% during the 4th quarter. First Eagle Investment Management LLC now owns 9,482,897 shares of the transportation company’s stock worth $819,227,000 after buying an additional 59,016 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of C.H. Robinson Worldwide by 13,682.5% in the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after acquiring an additional 2,643,193 shares during the period. Invesco Ltd. boosted its holdings 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 valued at $184,985,000 after acquiring an additional 280,177 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of C.H. Robinson Worldwide by 4.1% during 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 acquiring an additional 68,491 shares during the period. Institutional investors 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.