C.H. Robinson Worldwide (NASDAQ:CHRW) Hits New 12-Month High on Analyst Upgrade

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) shares reached a new 52-week high during mid-day trading on Thursday after Truist Financial raised their price target on the stock from $210.00 to $215.00. Truist Financial currently has a buy rating on the stock. C.H. Robinson Worldwide traded as high as $208.70 and last traded at $204.1890, with a volume of 395050 shares traded. The stock had previously closed at $197.50.

Several other equities research analysts have also recently weighed in on CHRW. Wells Fargo & Company upped 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 research report on Thursday, April 30th. Barclays raised their target price on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Citigroup initiated coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday. They issued a “market outperform” rating for the company. Stifel Nicolaus upped their price target on shares of C.H. Robinson Worldwide from $207.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Susquehanna increased their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research report on Tuesday. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Jackson Hole Trust bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $25,000. Millstone Evans Group LLC boosted its stake 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 valued at $27,000 after purchasing an additional 71 shares in the last quarter. DV Equities LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $27,000. CYBER HORNET ETFs LLC bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC increased its position in C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

The firm has a market capitalization of $24.58 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 1.77 and a beta of 0.91. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The stock’s 50-day moving average is $183.71 and its 200-day moving average is $179.35.

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

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors 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 dividend yield of 1.2%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

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.