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

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 currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $196.56.

A number of equities research analysts have recently commented on CHRW shares. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group raised their price target on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price objective for the stock from $195.00 to $200.00 in a report on Wednesday, May 20th. Finally, Truist Financial raised their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th.

Institutional Trading of C.H. Robinson Worldwide

Several institutional investors have recently made changes to their positions in CHRW. Argent Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $5,017,000. Amundi lifted its position in C.H. Robinson Worldwide by 24.7% during the first quarter. Amundi now owns 338,574 shares of the transportation company’s stock valued at $56,227,000 after buying an additional 67,108 shares in the last quarter. Empowered Funds LLC lifted its position in C.H. Robinson Worldwide by 469.4% during the first quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock valued at $11,081,000 after buying an additional 55,005 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $10,997,000. Finally, Dimensional Fund Advisors LP increased its position in shares of C.H. Robinson Worldwide by 2.4% in 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 in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $152.78 on Friday. 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 price is $164.59 and its 200 day moving average price is $172.91. The firm has a market cap of $17.85 billion, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

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

C.H. Robinson Worldwide Announces Dividend

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

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.