C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives $195.65 Consensus Target Price from Brokerages

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have received an average rating of “Moderate Buy” from the twenty-three brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seventeen have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $195.6522.

Several research analysts have recently weighed in on the stock. Bank of America decreased their price objective on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 27th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Susquehanna reduced their target price on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a report on Wednesday, April 22nd. Barclays upped their target price on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a report on Thursday, April 30th.

C.H. Robinson Worldwide Price Performance

CHRW opened at $184.09 on Wednesday. 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 firm has a 50 day moving average price of $173.96 and a 200-day moving average price of $172.91. C.H. Robinson Worldwide has a twelve month low of $92.36 and a twelve month high of $203.34. The stock has a market capitalization of $21.70 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 1.59 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. 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 company earned $1.17 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts forecast that C.H. Robinson Worldwide will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its holdings in C.H. Robinson Worldwide by 10.5% during the first quarter. NewEdge Advisors LLC now owns 2,347 shares of the transportation company’s stock valued at $390,000 after buying an additional 223 shares during the last quarter. Segall Bryant & Hamill LLC increased its holdings in C.H. Robinson Worldwide by 1.7% during the first quarter. Segall Bryant & Hamill LLC now owns 113,552 shares of the transportation company’s stock valued at $18,858,000 after buying an additional 1,885 shares during the last quarter. Argent Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter worth $5,017,000. Bank of America Corp DE increased its stake in shares of C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $175,304,000 after purchasing an additional 127,103 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter worth $2,079,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Company Profile

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.