C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Given Consensus Rating of “Moderate Buy” by Brokerages

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has earned an average rating of “Moderate Buy” from the twenty-three brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $195.3478.

A number of research analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Susquehanna dropped their price target on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research report on Wednesday, April 22nd. Finally, Robert W. Baird set a $230.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, May 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. WCM Investment Management LLC acquired a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $579,922,000. Auto Owners Insurance Co lifted its position in C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after buying an additional 1,501,744 shares in the last quarter. Norges Bank purchased a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $236,665,000. Finally, Capital World Investors purchased a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $165,976,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $189.85 on Friday. The company has a market cap of $22.38 billion, a P/E ratio of 38.43, a P/E/G ratio of 1.65 and a beta of 0.91. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide has a 52 week low of $96.27 and a 52 week high of $203.34. The business has a fifty day simple moving average of $180.09 and a 200-day simple moving average of $176.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its 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 firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior 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. Equities research analysts forecast that C.H. Robinson Worldwide will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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