Brokerages Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Price Target at $81.21

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has earned a consensus recommendation of “Reduce” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $81.21.

CHRW has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Wells Fargo & Company dropped their price target on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Thursday, February 1st. BMO Capital Markets dropped their price target on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, February 1st. Bank of America dropped their price target on shares of 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. 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.

C.H. Robinson Worldwide Trading Up 1.9 %

Shares of C.H. Robinson Worldwide stock opened at $71.22 on Friday. The firm has a market capitalization of $8.33 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 3.66 and a beta of 0.72. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average is $72.92 and its 200 day moving average is $79.93. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The business had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. Equities research analysts forecast that C.H. Robinson Worldwide will post 3.24 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $0.61 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.44 annualized dividend and a yield of 3.43%. C.H. Robinson Worldwide’s payout ratio is 90.04%.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors have recently made changes to their positions in the company. Norden Group LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth $4,585,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of C.H. Robinson Worldwide by 2.2% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 413,068 shares of the transportation company’s stock worth $31,451,000 after acquiring an additional 8,783 shares in the last quarter. Cullinan Associates Inc. grew its stake in shares of C.H. Robinson Worldwide by 78.3% in the 1st quarter. Cullinan Associates Inc. now owns 40,300 shares of the transportation company’s stock worth $3,068,000 after acquiring an additional 17,700 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of C.H. Robinson Worldwide by 30.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 76,218 shares of the transportation company’s stock worth $5,803,000 after acquiring an additional 17,745 shares in the last quarter. Finally, First Bank & Trust grew its stake in shares of C.H. Robinson Worldwide by 6.8% in the 1st quarter. First Bank & Trust now owns 4,280 shares of the transportation company’s stock worth $326,000 after acquiring an additional 271 shares in the last quarter. 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.