Brokerages Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Price Target at $197.00

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have been assigned a consensus rating of “Moderate Buy” from the twenty-five brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $197.00.

Several research analysts have recently commented on the company. Evercore reiterated an “outperform” rating and set a $237.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 22nd. TD Cowen reduced their price objective 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. Stephens decreased their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Finally, Truist Financial increased their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of C.H. Robinson Worldwide by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after acquiring an additional 24,788 shares during the period. United Services Automobile Association bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $259,000. Empowered Funds LLC boosted its holdings in C.H. Robinson Worldwide by 2.3% in the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after purchasing an additional 350 shares during the period. Woodline Partners LP grew its position in shares of C.H. Robinson Worldwide by 41.3% during the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after purchasing an additional 2,930 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of C.H. Robinson Worldwide by 9.9% during the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after purchasing an additional 359 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $141.63 on Monday. C.H. Robinson Worldwide has a 52-week low of $122.50 and a 52-week high of $210.33. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $16.55 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 1.20 and a beta of 0.94. The company has a 50-day simple moving average of $175.63 and a 200 day simple moving average of $177.11.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share 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 the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The business’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 earnings per share. Sell-side analysts forecast that C.H. Robinson Worldwide will post 6.18 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

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.