C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Target Lowered at JPMorgan Chase & Co.

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target decreased by JPMorgan Chase & Co. from $225.00 to $198.00 in a report issued on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Several other equities research analysts have also recently issued reports on CHRW. Robert W. Baird decreased their price objective on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Monday, September 28th. TD Cowen dropped their target price on shares of C.H. Robinson Worldwide from $155.00 to $152.00 and set a “hold” rating for the company in a research report on Tuesday, July 28th. Sanford C. Bernstein cut their price target on shares of C.H. Robinson Worldwide from $153.00 to $151.00 and set a “market perform” rating on the stock in a report on Tuesday, August 11th. Finally, Evercore reaffirmed an “outperform” rating and set a $237.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $196.64.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $140.61 on Monday. The firm has a 50 day simple moving average of $149.89 and a 200-day simple moving average of $169.70. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market cap of $16.43 billion, a PE ratio of 26.83, a P/E/G ratio of 1.32 and a beta of 0.94. C.H. Robinson Worldwide has a 1-year low of $123.64 and a 1-year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.29 earnings per share. On average, equities analysts expect that C.H. Robinson Worldwide will post 6.19 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently modified their holdings of CHRW. Ridgewood Investments LLC bought a new position in C.H. Robinson Worldwide in the third quarter worth about $341,000. Park National Corp OH grew its holdings in shares of C.H. Robinson Worldwide by 414.8% during the third quarter. Park National Corp OH now owns 9,209 shares of the transportation company’s stock valued at $1,363,000 after purchasing an additional 7,420 shares during the last quarter. Neville Rodie & Shaw Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $1,124,000. Baker Tilly Wealth Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $748,000. Finally, Eastover Investment Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $252,000. Institutional investors own 93.15% of the company’s stock.

Trending Headlines about C.H. Robinson Worldwide

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: Management expects the combination to generate approximately $300 million in annual synergies and become accretive to earnings in less than one year, potentially strengthening C.H. Robinson’s competitive position as third-party logistics firms consolidate. Why C.H. Robinson Stock Was Tumbling Today
• Positive Sentiment: The acquisition would significantly increase C.H. Robinson’s scale in truck brokerage, while RXO shareholders have responded favorably to the implied takeover value. CH Robinson to Buy RXO for $5.8 Billion in Trucking Brokerage Expansion
• Neutral Sentiment: JPMorgan lowered its C.H. Robinson price target from $225 to $198 but retained an Overweight rating, implying substantial potential upside from the recent trading level. JPMorgan Cuts C.H. Robinson Price Target
• Negative Sentiment: Investors are concerned about the deal’s size, execution risk, potential shareholder dilution from the stock component and additional leverage from the cash portion. Those concerns have outweighed the projected synergies in the initial market reaction. RXO Stock Soars as CH Robinson Acquires Truck Broker
• Negative Sentiment: The sharp decline in CHRW reflects skepticism that management can quickly integrate RXO and realize the promised cost savings, particularly amid uncertain freight-market conditions. CH Robinson Falls After Announcing RXO Acquisition

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.