C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $192.27 Consensus Target Price from Analysts

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned an average recommendation of “Moderate Buy” from the twenty-two research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seventeen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $192.2727.

A number of equities research analysts have weighed in on the stock. Robert W. Baird set a $230.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, May 1st. Wells Fargo & Company upped their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Stifel Nicolaus lifted their target price on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 1st. Morgan Stanley boosted their target price on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. upped their price target on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $163.59 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The company has a market cap of $19.28 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 1.59 and a beta of 0.94. C.H. Robinson Worldwide has a 52-week low of $92.36 and a 52-week high of $203.34. The firm’s fifty day simple moving average is $172.66 and its two-hundred day simple moving average is $169.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the business earned $1.17 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts anticipate that C.H. Robinson Worldwide will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in C.H. Robinson Worldwide by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock worth $2,341,535,000 after purchasing an additional 364,163 shares in the last quarter. State Street Corp boosted its stake in shares of C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after buying an additional 397,177 shares during the period. Wellington Management Group LLP grew its position in shares of C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after buying an additional 4,751,034 shares in the last quarter. Boston Partners grew its position in shares of C.H. Robinson Worldwide by 6.1% during the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after buying an additional 213,245 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth approximately $579,922,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.