Brokerages Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Price Target at $196.56

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has received an average rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, seventeen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $196.56.

CHRW has been the subject of a number of recent research reports. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $200.00 in a report on Wednesday, May 20th. Raymond James Financial set a $192.00 price target on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Finally, Stifel Nicolaus raised their price objective on C.H. Robinson Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 31st.

C.H. Robinson Worldwide Stock Up 0.2%

Shares of C.H. Robinson Worldwide stock opened at $157.63 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. C.H. Robinson Worldwide has a 1 year low of $123.64 and a 1 year high of $210.33. The firm’s 50-day moving average is $163.30 and its two-hundred day moving average is $172.64. The stock has a market cap of $18.42 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 1.33 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the firm posted $1.29 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts expect that C.H. Robinson Worldwide will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 48.09%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Argent Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $5,017,000. Amundi grew its stake in C.H. Robinson Worldwide by 24.7% in the 1st quarter. Amundi now owns 338,574 shares of the transportation company’s stock valued at $56,227,000 after acquiring an additional 67,108 shares during the period. Empowered Funds LLC grew its stake in C.H. Robinson Worldwide by 469.4% in the 1st quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock valued at $11,081,000 after acquiring an additional 55,005 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth $10,997,000. Finally, Dimensional Fund Advisors LP raised its position in C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after acquiring an additional 25,674 shares during the period. Institutional investors own 93.15% of the company’s stock.

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 road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.