C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Given Average Recommendation of “Moderate Buy” by Analysts

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been assigned an average rating of “Moderate Buy” from the twenty-three ratings firms that are currently covering the stock, MarketBeat reports. One equities 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 price objective among analysts that have issued a report on the stock in the last year is $195.6522.

Several brokerages have recently issued reports on CHRW. Raymond James Financial set a $210.00 target price on C.H. Robinson Worldwide in a research report on Thursday, April 30th. Barclays increased their target price on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a research note on Friday, May 1st. Weiss Ratings downgraded C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Finally, UBS Group upped their price target on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, June 1st.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in C.H. Robinson Worldwide by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock valued at $2,341,535,000 after purchasing an additional 364,163 shares during the last quarter. State Street Corp boosted its stake in C.H. Robinson Worldwide by 5.7% during the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after purchasing an additional 397,177 shares during the last quarter. Wellington Management Group LLP boosted its stake 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 valued at $945,773,000 after purchasing an additional 4,751,034 shares during the last quarter. Boston Partners boosted its stake in C.H. Robinson Worldwide by 6.1% during the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after purchasing an additional 213,245 shares during the last quarter. Finally, WCM Investment Management LLC purchased a new stake in C.H. Robinson Worldwide during the 1st quarter valued at $579,922,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.5%

Shares of NASDAQ:CHRW opened at $179.38 on Friday. C.H. Robinson Worldwide has a 52-week low of $93.47 and a 52-week high of $203.34. The firm has a market capitalization of $21.14 billion, a P/E ratio of 36.31, a P/E/G ratio of 1.55 and a beta of 0.91. The stock has a 50 day moving average price of $179.63 and a 200-day moving average price of $175.89. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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 firm 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 company earned $1.17 EPS. The business’s revenue was down .9% compared to the same quarter last year. As a group, equities research analysts anticipate that C.H. Robinson Worldwide will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. 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.