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

C.H. Robinson Worldwide (NASDAQ:CHRW) had its price objective upped by Stifel Nicolaus from $207.00 to $215.00 in a research report released on Wednesday morning, Marketbeat Ratings reports. Stifel Nicolaus currently has a buy rating on the transportation company’s stock.

CHRW has been the subject of a number of other reports. Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Raymond James Financial decreased their price objective on C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a research note on Thursday, July 2nd. UBS Group boosted their price objective on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Finally, Barclays upped their target price on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $198.62.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $197.50 on Wednesday. The firm has a market cap of $23.28 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91. C.H. Robinson Worldwide has a 52-week low of $96.27 and a 52-week high of $203.34. 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’s 50 day moving average is $182.28 and its two-hundred day moving average is $178.86.

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, 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 company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the company posted $1.17 EPS. The firm’s revenue was down .9% compared to the same quarter last year. On average, research analysts expect that C.H. Robinson Worldwide will post 6.11 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

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

More C.H. Robinson Worldwide News

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: Susquehanna raised its price target on C.H. Robinson Worldwide (CHRW) to $226 from $215 and reiterated a positive rating, signaling confidence in further upside. Article
• Positive Sentiment: Truist Financial increased its price target to $215 from $210 and maintained a buy rating, adding to the bullish analyst momentum. Article
• Positive Sentiment: Stifel Nicolaus also lifted its target to $215 from $207 and kept a buy rating, reinforcing the view that CHRW may have more room to run. Article
• Neutral Sentiment: Citizens JMP initiated coverage with a market perform rating and a $235 price target, which is supportive but less aggressive than the recent buy-rated calls. Article
• Neutral Sentiment: New coverage and stock-comparison commentary, including a ZTO vs. CHRW value comparison and forecast articles, may keep investor attention on CHRW’s valuation, but they do not appear to be major catalysts on their own. Article

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.