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

C.H. Robinson Worldwide (NASDAQ:CHRW) had its target price lifted by Truist Financial from $210.00 to $215.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Several other equities analysts have also issued reports on CHRW. TD Cowen boosted their price target on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Bank of America decreased their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Wells Fargo & Company upped their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $200.00 in a report on Wednesday, May 20th. Finally, Stifel Nicolaus lifted their price objective on C.H. Robinson Worldwide from $207.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $198.62.

C.H. Robinson Worldwide Stock Down 1.1%

NASDAQ CHRW opened at $197.50 on Wednesday. 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 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. The stock’s 50 day simple moving average is $182.28 and its 200 day simple moving average is $178.86. C.H. Robinson Worldwide has a one year low of $96.27 and a one year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) 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 business 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 business posted $1.17 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts forecast that C.H. Robinson Worldwide will post 6.11 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after buying an additional 24,788 shares during the last quarter. United Services Automobile Association bought a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $259,000. Empowered Funds LLC boosted its holdings in C.H. Robinson Worldwide by 2.3% during the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after acquiring an additional 350 shares during the period. Woodline Partners LP increased its position in shares of C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after acquiring an additional 2,930 shares during the period. Finally, Focus Partners Wealth raised its holdings in shares of C.H. Robinson Worldwide by 9.9% during the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock valued at $407,000 after acquiring an additional 359 shares in the last quarter. 93.15% of the stock is currently owned by 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.