C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $95.00 Price Target at Susquehanna

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price lifted by Susquehanna from $90.00 to $95.00 in a research note published on Thursday, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

CHRW has been the subject of a number of other research reports. Raymond James began coverage on C.H. Robinson Worldwide in a research report on Wednesday, May 15th. They set a market perform rating for the company. TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a hold rating in a research report on Thursday. Wells Fargo & Company started coverage on shares of C.H. Robinson Worldwide in a research note on Friday, June 7th. They set an equal weight rating and a $94.00 price objective on the stock. StockNews.com raised shares of C.H. Robinson Worldwide from a sell rating to a hold rating in a research note on Friday, June 7th. Finally, Wolfe Research raised C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $94.06.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $98.63 on Thursday. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $105.41. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The stock has a market cap of $11.55 billion, a PE ratio of 38.98, a price-to-earnings-growth ratio of 2.63 and a beta of 0.80. The firm’s fifty day simple moving average is $87.71 and its 200-day simple moving average is $80.23.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.19. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. C.H. Robinson Worldwide’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 earnings per share. Analysts expect that C.H. Robinson Worldwide will post 3.73 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were given a dividend of $0.61 per share. The ex-dividend date was Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a yield of 2.47%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 96.44%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its position in shares of C.H. Robinson Worldwide by 13,682.5% in the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after buying an additional 2,643,193 shares during the period. First Eagle Investment Management LLC boosted its holdings in C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after acquiring an additional 2,003,158 shares during the period. Pzena Investment Management LLC purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth approximately $66,474,000. Norges Bank acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $52,341,000. Finally, Pinebridge Investments L.P. raised its stake in shares of C.H. Robinson Worldwide by 105.5% during the fourth quarter. Pinebridge Investments L.P. now owns 593,653 shares of the transportation company’s stock valued at $51,286,000 after purchasing an additional 304,709 shares during the period. 93.15% of the stock is owned by hedge funds and other 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.