C.H. Robinson Worldwide (NASDAQ:CHRW) Given New $68.00 Price Target at Bank of America

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective reduced by Bank of America from $70.00 to $68.00 in a research report sent to investors on Monday, Benzinga reports. Bank of America currently has an underperform rating on the transportation company’s stock.

CHRW has been the subject of a number of other reports. Wells Fargo & Company reduced their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an underweight rating for the company in a report on Thursday, February 1st. StockNews.com cut shares of C.H. Robinson Worldwide from a hold rating to a sell rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. reduced their price objective on shares of C.H. Robinson Worldwide from $75.00 to $70.00 and set an underweight rating for the company in a report on Tuesday, April 9th. BNP Paribas reiterated a neutral rating and set a $76.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Finally, Stifel Nicolaus boosted their price target 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. Seven equities 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 stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $81.21.

C.H. Robinson Worldwide Trading Down 2.1 %

NASDAQ:CHRW opened at $69.01 on Monday. 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 stock has a market capitalization of $8.07 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.55 and a beta of 0.72. The firm has a fifty day simple moving average of $73.32 and a two-hundred day simple moving average of $80.39. C.H. Robinson Worldwide has a 12 month low of $68.47 and a 12 month high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). The company had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. Analysts expect that C.H. Robinson Worldwide will post 3.31 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 90.04%.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the company. Montag A & Associates Inc. bought a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $30,000. Penserra Capital Management LLC purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth approximately $30,000. Quarry LP purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $30,000. Larson Financial Group LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $31,000. Finally, Pacific Center for Financial Services purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $34,000. 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.