Wells Fargo & Company Raises C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target to $106.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target boosted by Wells Fargo & Company from $94.00 to $106.00 in a report issued on Thursday, MarketBeat reports. They currently have an equal weight rating on the transportation company’s stock.

A number of other equities analysts have also recently commented on the company. Susquehanna boosted their price target on C.H. Robinson Worldwide from $90.00 to $95.00 and gave the stock a neutral rating in a report on Thursday. Bank of America raised C.H. Robinson Worldwide from an underperform rating to a buy rating and boosted their target price for the stock from $76.00 to $99.00 in a research note on Monday, July 22nd. Evercore ISI upgraded shares of C.H. Robinson Worldwide from an in-line rating to an outperform rating and raised their price target for the company from $82.00 to $99.00 in a research note on Tuesday, June 25th. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a research report on Thursday, April 11th. Finally, BMO Capital Markets increased their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a market perform rating in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of Hold and a consensus target price of $94.06.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $98.63 on Thursday. The stock’s fifty day moving average price is $87.71 and its two-hundred day moving average price is $80.23. The firm 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 company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.37. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $105.41.

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

C.H. Robinson Worldwide Dividend Announcement

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

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently modified their holdings of the company. Empirical Finance LLC lifted its holdings in C.H. Robinson Worldwide by 3.4% in the first quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock valued at $325,000 after buying an additional 140 shares during the period. Quent Capital LLC boosted its position in shares of C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its stake in C.H. Robinson Worldwide by 2.9% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock worth $503,000 after purchasing an additional 165 shares during the period. Redwood Investment Management LLC increased its holdings in C.H. Robinson Worldwide by 0.6% in the first quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock worth $2,143,000 after purchasing an additional 165 shares in the last quarter. Finally, Kentucky Retirement Systems lifted its stake in C.H. Robinson Worldwide by 2.0% in the fourth quarter. Kentucky Retirement Systems now owns 9,333 shares of the transportation company’s stock valued at $806,000 after buying an additional 181 shares during the period. 93.15% of the stock is owned by institutional investors.

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.