C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $199.46 Consensus Price Target from Analysts

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have been assigned a consensus rating of “Moderate Buy” from the twenty-four analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seventeen have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $199.4583.

CHRW has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on C.H. Robinson Worldwide from $207.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. TD Cowen upped their price target on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. UBS Group increased their price target on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. raised their price target on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the company. Vestcor Inc increased its holdings in C.H. Robinson Worldwide by 0.8% in the fourth quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock worth $1,029,000 after buying an additional 51 shares during the last quarter. Horizon Investments LLC grew its position in C.H. Robinson Worldwide by 3.1% in the fourth quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after acquiring an additional 58 shares in the last quarter. Signaturefd LLC grew its position in C.H. Robinson Worldwide by 3.6% in the fourth quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock worth $273,000 after acquiring an additional 59 shares in the last quarter. Brendel Financial Advisors LLC increased its stake in shares of C.H. Robinson Worldwide by 2.2% during the 4th quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock worth $466,000 after purchasing an additional 61 shares during the last quarter. Finally, Dogwood Wealth Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 37.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 65 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Trading Down 9.2%

Shares of CHRW opened at $186.51 on Thursday. C.H. Robinson Worldwide has a 52-week low of $96.89 and a 52-week high of $210.33. The business’s fifty day moving average is $187.53 and its 200-day moving average is $180.77. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $21.98 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 1.60 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS. Equities analysts anticipate that C.H. Robinson Worldwide will post 6.12 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

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.