C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock Has Consensus Target Price of $196.64

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-five research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, seventeen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $194.76.

A number of research analysts recently commented on the stock. Evercore set a $217.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday. Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday. Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently made changes to their positions in CHRW. Vann Equity Management LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter worth about $641,000. Argent Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at $5,017,000. Amundi raised its holdings in shares of C.H. Robinson Worldwide by 24.7% during the 1st quarter. Amundi now owns 338,574 shares of the transportation company’s stock worth $56,227,000 after buying an additional 67,108 shares in the last quarter. Empowered Funds LLC lifted its position in shares of C.H. Robinson Worldwide by 469.4% during the 1st quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock worth $11,081,000 after buying an additional 55,005 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $10,997,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $141.34 on Tuesday. The business has a 50 day moving average of $148.33 and a 200-day moving average of $168.98. C.H. Robinson Worldwide has a 12-month low of $123.64 and a 12-month high of $210.33. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.13 and a beta of 0.94. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.29 earnings per share. On average, equities research analysts expect that C.H. Robinson Worldwide will post 6.21 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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

C.H. Robinson Worldwide Company Profile

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.