JPMorgan Chase & Co. Forecasts Strong Price Appreciation for C.H. Robinson Worldwide (NASDAQ:CHRW) Stock

C.H. Robinson Worldwide (NASDAQ:CHRW - Free Report) had its target price upped by JPMorgan Chase & Co. from $118.00 to $121.00 in a research report released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the transportation company's stock.

Other equities analysts have also issued research reports about the stock. Citigroup cut their price objective on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Bank of America raised their price objective on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a research report on Friday, May 16th. UBS Group cut their price objective on shares of C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating on the stock in a research report on Thursday, July 3rd. Raymond James Financial dropped their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Baird R W raised shares of C.H. Robinson Worldwide to a "hold" rating in a research report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.64.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded up $1.11 on Tuesday, reaching $99.44. 321,556 shares of the company's stock were exchanged, compared to its average volume of 1,298,292. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.58 and a beta of 0.89. C.H. Robinson Worldwide has a fifty-two week low of $84.24 and a fifty-two week high of $114.82. The business's 50-day moving average is $95.02 and its two-hundred day moving average is $97.63. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. The business had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The company's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 EPS. As a group, equities research analysts forecast that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Friday, June 6th. C.H. Robinson Worldwide's payout ratio is 59.33%.

Insider Activity

In other news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider directly owned 71,441 shares of the company's stock, valued at $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. North Capital Inc. bought a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $25,000. NBC Securities Inc. bought a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $27,000. First Financial Corp IN bought a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $31,000. WPG Advisers LLC bought a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $32,000. Finally, Proficio Capital Partners LLC bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $33,000. Hedge funds and other 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.