C.H. Robinson Worldwide (NASDAQ:CHRW) PT Set at $65.00 by Morgan Stanley

Morgan Stanley set a $65.00 price target on C.H. Robinson Worldwide (NASDAQ:CHRW) in a research report report published on Monday morning, Stock Target Advisor reports. The brokerage currently has a sell rating on the transportation company’s stock.

Several other equities analysts have also recently weighed in on the company. BidaskClub raised YY from a hold rating to a buy rating in a research note on Wednesday, April 3rd. Stephens set a $71.00 target price on Saia and gave the company a hold rating in a research note on Thursday, May 2nd. Zacks Investment Research cut Hope Bancorp from a strong-buy rating to a hold rating in a research note on Tuesday, March 26th. UBS Group cut Advanced Disposal Services from a buy rating to a neutral rating and set a $33.00 target price on the stock. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Citigroup cut BCE from a buy rating to a neutral rating in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. C.H. Robinson Worldwide has a consensus rating of Hold and a consensus price target of $93.71.

NASDAQ:CHRW opened at $82.84 on Monday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.81. C.H. Robinson Worldwide has a fifty-two week low of $77.72 and a fifty-two week high of $101.20. The firm’s 50-day simple moving average is $82.10. The stock has a market cap of $11.22 billion, a PE ratio of 16.84, a PEG ratio of 1.85 and a beta of 0.63.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, April 30th. The transportation company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.02. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the business posted $1.01 EPS. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. Sell-side analysts forecast that C.H. Robinson Worldwide will post 4.93 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.41%. C.H. Robinson Worldwide’s dividend payout ratio is 42.28%.

In other news, CEO Robert C. Biesterfeld, Jr. purchased 1,202 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, May 9th. The stock was acquired at an average cost of $83.18 per share, for a total transaction of $99,982.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.65% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Arlington Partners LLC lifted its holdings in C.H. Robinson Worldwide by 1,140.5% in the 2nd quarter. Arlington Partners LLC now owns 24,065 shares of the transportation company’s stock worth $2,030,000 after purchasing an additional 22,125 shares during the last quarter. Insight 2811 Inc. acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter worth approximately $400,000. Zions Bancorporation N.A. lifted its holdings in C.H. Robinson Worldwide by 708.9% in the 2nd quarter. Zions Bancorporation N.A. now owns 1,092 shares of the transportation company’s stock worth $92,000 after purchasing an additional 957 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in C.H. Robinson Worldwide by 11.6% in the 2nd quarter. WINTON GROUP Ltd now owns 9,639 shares of the transportation company’s stock worth $813,000 after purchasing an additional 1,001 shares during the last quarter. Finally, DNB Asset Management AS increased its position in C.H. Robinson Worldwide by 6.1% in the 2nd quarter. DNB Asset Management AS now owns 22,255 shares of the transportation company’s stock worth $1,877,000 after buying an additional 1,276 shares during the period. Institutional investors and hedge funds own 85.68% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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