Susquehanna Issues Positive Forecast for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective increased by Susquehanna from $215.00 to $226.00 in a report released on Tuesday morning, MarketBeat.com reports. Susquehanna currently has a positive rating on the transportation company’s stock.

A number of other research firms have also recently weighed in on CHRW. Robert W. Baird set a $230.00 price objective on shares of C.H. Robinson Worldwide in a research report on Friday, May 1st. Wells Fargo & Company raised their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Citigroup lifted their price target on shares of C.H. Robinson Worldwide from $199.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Stifel Nicolaus upped their price target on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Sixteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $196.48.

C.H. Robinson Worldwide Trading Up 1.6%

Shares of CHRW stock opened at $199.61 on Tuesday. C.H. Robinson Worldwide has a 1 year low of $96.27 and a 1 year high of $203.34. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The stock’s 50 day simple moving average is $181.71 and its two-hundred day simple moving average is $178.63. The company has a market cap of $23.53 billion, a PE ratio of 40.41, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business earned $1.17 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. Research analysts predict that C.H. Robinson Worldwide will post 6.11 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.01%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several large investors have recently added to or reduced their stakes in CHRW. Mairs & Power Inc. grew its stake in shares of C.H. Robinson Worldwide by 0.7% in the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock valued at $115,153,000 after buying an additional 6,188 shares during the period. Jones Kertz & Associates Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $1,557,000. Massachusetts Financial Services Co. MA acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $3,699,000. New York State Teachers Retirement System lifted its holdings in C.H. Robinson Worldwide by 6.0% in the fourth quarter. New York State Teachers Retirement System now owns 104,269 shares of the transportation company’s stock valued at $16,762,000 after acquiring an additional 5,877 shares during the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $965,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.