Analysts Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Target Price at $197.00

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has received a consensus recommendation of “Moderate Buy” from the twenty-five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $197.00.

A number of analysts recently commented on the company. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Barclays lifted their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wells Fargo & Company lifted 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. Truist Financial raised their price target on 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. Finally, Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $200.00 in a research report on Wednesday, May 20th.

C.H. Robinson Worldwide Stock Down 0.1%

CHRW stock opened at $144.52 on Monday. C.H. Robinson Worldwide has a fifty-two week low of $120.65 and a fifty-two week high of $210.33. The company has a market cap of $16.89 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 1.22 and a beta of 0.94. The stock’s 50 day simple moving average is $177.62 and its 200 day simple moving average is $177.87. 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 posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.29 EPS. On average, research analysts expect that C.H. Robinson Worldwide will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.09%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Bank of Jackson Hole Trust bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $25,000. Millstone Evans Group LLC increased its holdings in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after buying an additional 71 shares during the last quarter. DV Equities LLC bought a new position in C.H. Robinson Worldwide during the fourth quarter valued at $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC increased its stake in C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after buying an additional 67 shares during the period. 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.