C.H. Robinson Worldwide (NASDAQ:CHRW) Now Covered by Analysts at Citizens Jmp

Citizens Jmp initiated coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a research note published on Wednesday morning, MarketBeat reports. The brokerage issued a market perform rating and a $235.00 price objective on the transportation company’s stock.

Other equities analysts also recently issued reports about the company. Bank of America decreased their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Barclays raised their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a report on Friday, May 1st. Susquehanna boosted their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a report on Tuesday. Finally, Citigroup started coverage on shares of C.H. Robinson Worldwide in a report on Wednesday. They issued a “market outperform” rating on the stock. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $198.62.

C.H. Robinson Worldwide Stock Down 1.1%

Shares of NASDAQ CHRW opened at $197.50 on Wednesday. C.H. Robinson Worldwide has a 1 year low of $96.27 and a 1 year high of $203.34. The firm’s 50 day moving average price is $182.28 and its 200 day moving average price is $178.86. The firm has a market cap of $23.28 billion, a P/E ratio of 39.98, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. C.H. Robinson Worldwide’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide will post 6.11 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders 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 annualized dividend and a dividend yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Hedge funds have recently modified their holdings of the stock. Bank of Jackson Hole Trust acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $27,000. Millstone Evans Group LLC lifted its position in shares of 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 worth $27,000 after purchasing an additional 71 shares in the last quarter. DV Equities LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $27,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of C.H. Robinson Worldwide in the second quarter valued at $30,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting C.H. Robinson Worldwide

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

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.