C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives Average Rating of “Moderate Buy” from Analysts

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned a consensus rating of “Moderate Buy” from the twenty-three analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $195.3478.

CHRW has been the subject of a number of recent research reports. Barclays lifted their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised their target price on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Wells Fargo & Company lifted their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Finally, Stifel Nicolaus raised their price objective on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, May 1st.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $189.85 on Friday. The company has a market cap of $22.38 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91. C.H. Robinson Worldwide has a twelve month low of $96.27 and a twelve month 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 has a 50 day moving average of $180.24 and a two-hundred day moving average of $177.03.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share 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 business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the company earned $1.17 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. As a group, analysts predict that C.H. Robinson Worldwide will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Institutional Inflows and Outflows

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

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.