C.H. Robinson Worldwide (NASDAQ:CHRW) Price Target Raised to $215.00

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price target increased by Truist Financial from $210.00 to $215.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

CHRW has been the subject of several other reports. TD Cowen increased their price objective on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Wells Fargo & Company upped 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. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. UBS Group increased their price target on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, BMO Capital Markets raised their price objective on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $198.62.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $208.50 on Wednesday. The firm has a 50 day simple moving average of $183.71 and a 200-day simple moving average of $179.35. C.H. Robinson Worldwide has a 1-year low of $96.27 and a 1-year high of $208.83. 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 stock has a market cap of $24.58 billion, a price-to-earnings ratio of 42.21, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 EPS. On average, analysts expect that C.H. Robinson Worldwide will post 6.11 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.2%. C.H. Robinson Worldwide’s payout ratio is presently 51.01%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CHRW. Bank of Jackson Hole Trust purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at $25,000. Millstone Evans Group LLC boosted its holdings in C.H. Robinson Worldwide by 79.8% during the 1st 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 period. DV Equities LLC purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $27,000. Cornerstone Planning Group LLC grew its position 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 valued at $31,000 after acquiring an additional 67 shares in the last quarter. Finally, Bayban acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $32,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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.