Brokerages Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) PT at $195.65

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been given a consensus recommendation of “Moderate Buy” by the twenty-three brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $195.6522.

A number of research firms have weighed in on CHRW. Citigroup raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 target price on the stock in a research note on Friday, May 15th. Barclays increased their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. TD Cowen lifted their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $200.00 in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company increased their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $189.13 on Wednesday. C.H. Robinson Worldwide has a 1 year low of $92.36 and a 1 year high of $203.34. The stock has a market capitalization of $22.29 billion, a price-to-earnings ratio of 38.25, a price-to-earnings-growth ratio of 1.62 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The company’s 50 day simple moving average is $174.97 and its 200 day simple moving average is $173.45.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the business posted $1.17 EPS. The company’s revenue was down .9% compared to the same quarter last year. As a group, research analysts predict that C.H. Robinson Worldwide will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at $27,000. Millstone Evans Group LLC boosted its position in C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. DV Equities LLC acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth about $27,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter worth about $30,000. Institutional investors own 93.15% of the company’s stock.

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.