C.H. Robinson Worldwide (NASDAQ:CHRW) Reaches New 52-Week High - What's Next?

Key Points

• C.H. Robinson Worldwide (NASDAQ:CHRW) hit a new 52-week high, trading as high as $210.27 and last changing hands near $209.42, up about 1.8% on the day.
• Analysts remain generally constructive, with several firms raising price targets; the stock now carries a Moderate Buy consensus and an average target price of $198.62.
• The company recently beat quarterly EPS estimates at $1.35 versus $1.24 expected, while also paying a quarterly dividend of $0.63, or $2.52 annualized, for a 1.2% yield.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $210.27 and last traded at $209.42, with a volume of 1107898 shares trading hands. The stock had previously closed at $205.80.

Analysts Set New Price Targets

CHRW has been the topic of several analyst reports. UBS Group lifted their price objective 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. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a report on Friday, May 1st. Wells Fargo & Company raised their price target on 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. Raymond James Financial decreased their price target on C.H. Robinson Worldwide from $210.00 to $203.00 and set an "outperform" rating on the stock in a research note on Thursday, July 2nd. Finally, TD Cowen boosted their price objective on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a "hold" rating in a research report on Thursday, April 30th. Seventeen equities 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $198.62.

C.H. Robinson Worldwide Trading Up 1.8%

The stock has a market capitalization of $24.68 billion, a P/E ratio of 42.39, a P/E/G ratio of 1.77 and a beta of 0.91. The firm's 50 day moving average price is $185.27 and its 200 day moving average price is $180.11. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.05 billion. During the same period last year, the firm earned $1.17 earnings per share. C.H. Robinson Worldwide's quarterly revenue was down .9% on a year-over-year basis. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.11 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 51.01%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in CHRW. Bank of Jackson Hole Trust bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $25,000. Millstone Evans Group LLC raised its holdings in 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 worth $27,000 after purchasing an additional 71 shares in the last quarter. DV Equities LLC bought a new position in C.H. Robinson Worldwide in the 4th quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth about $30,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of 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 valued at $31,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

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.

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