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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been given a consensus recommendation of “Moderate Buy” by the twenty-five brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $197.00.

A number of brokerages have recently commented on CHRW. Citizens Jmp initiated coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target for the company. Wells Fargo & Company raised 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 note on Thursday, April 30th. Raymond James Financial set a $192.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Sanford C. Bernstein cut their target price on shares of C.H. Robinson Worldwide from $153.00 to $151.00 and set a “market perform” rating for the company in a research note on Tuesday, August 11th. Finally, Evercore reissued an “outperform” rating and issued a $237.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th.

C.H. Robinson Worldwide Trading Down 1.5%

C.H. Robinson Worldwide stock opened at $141.63 on Monday. C.H. Robinson Worldwide has a 52 week low of $122.50 and a 52 week high of $210.33. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market capitalization of $16.55 billion, a PE ratio of 27.03, a PEG ratio of 1.22 and a beta of 0.94. The business’s 50-day simple moving average is $175.63 and its 200-day simple moving average is $177.25.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.29 EPS. Equities research analysts forecast that C.H. Robinson Worldwide will post 6.18 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.09%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new position in C.H. Robinson Worldwide in the 2nd quarter valued at approximately $27,000. Bank of Jackson Hole Trust bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $25,000. Millstone Evans Group LLC grew its holdings in shares of C.H. Robinson Worldwide by 79.8% during 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 acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $27,000. Finally, Cornerstone Planning Group LLC increased its position in shares of C.H. Robinson Worldwide by 57.3% during the first 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 during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

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.