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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seventeen have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $195.6522.

A number of equities research analysts recently issued reports on CHRW shares. JPMorgan Chase & Co. upped their price objective on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and upped their price objective for the company from $195.00 to $200.00 in a report on Wednesday, May 20th. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Robert W. Baird set a $230.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday, May 1st. Finally, Raymond James Financial set a $210.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, April 30th.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in C.H. Robinson Worldwide by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock valued at $2,341,535,000 after buying an additional 364,163 shares during the last quarter. State Street Corp lifted its position in C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after buying an additional 397,177 shares during the last quarter. Wellington Management Group LLP lifted its position in C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after buying an additional 4,751,034 shares during the last quarter. Boston Partners lifted its position in C.H. Robinson Worldwide by 6.1% in the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after buying an additional 213,245 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new position in C.H. Robinson Worldwide in the first quarter valued at about $579,922,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $178.52 on Wednesday. C.H. Robinson Worldwide has a 52-week low of $92.36 and a 52-week high of $203.34. The firm has a market capitalization of $21.04 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 1.55 and a beta of 0.91. The company has a fifty day simple moving average of $172.89 and a 200-day simple moving average of $172.08. 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 (NASDAQ:CHRW) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts anticipate that C.H. Robinson Worldwide will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

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.