C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $88.00 Price Target at Robert W. Baird

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target upped by Robert W. Baird from $80.00 to $88.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Several other equities research analysts have also weighed in on the company. BMO Capital Markets increased their target price on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a market perform rating in a research report on Friday, May 3rd. Susquehanna increased their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a neutral rating in a report on Thursday, May 2nd. TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a hold rating in a research note on Thursday, May 2nd. Wells Fargo & Company initiated coverage on shares of C.H. Robinson Worldwide in a research note on Friday, June 7th. They issued an equal weight rating and a $94.00 price target on the stock. Finally, Bank of America reduced their price objective on C.H. Robinson Worldwide from $70.00 to $68.00 and set an underperform rating for the company in a research report on Monday, April 15th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of Hold and a consensus target price of $85.53.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $87.51 on Wednesday. The firm has a market cap of $10.25 billion, a P/E ratio of 34.59, a P/E/G ratio of 2.61 and a beta of 0.80. The firm has a fifty day moving average of $83.68 and a two-hundred day moving average of $79.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly 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. 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 revenue for the quarter was down 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. As a group, research analysts anticipate that C.H. Robinson Worldwide will post 3.59 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 96.44%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV grew its holdings in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares in the last quarter. Montag A & Associates Inc. purchased a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $30,000. Pacific Center for Financial Services acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $34,000. UMB Bank n.a. raised its stake in shares of C.H. Robinson Worldwide by 147.0% during the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock worth $38,000 after purchasing an additional 294 shares in the last quarter. Finally, Evermay Wealth Management LLC lifted its holdings in shares of 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 valued at $47,000 after buying an additional 420 shares during the last quarter. Hedge funds and other institutional investors 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.