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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have received an average rating of “Moderate Buy” from the twenty-four ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $199.4583.

A number of equities analysts have weighed in on the stock. Raymond James Financial decreased their price target on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating on the stock in a report on Thursday, July 2nd. JPMorgan Chase & Co. upped their price objective 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday. Wells Fargo & Company lifted their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Truist Financial boosted their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th.

C.H. Robinson Worldwide Price Performance

CHRW opened at $207.35 on Thursday. The company’s 50 day simple moving average is $186.16 and its 200 day simple moving average is $180.44. 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 has a 1 year low of $96.89 and a 1 year high of $210.33. The stock has a market capitalization of $24.44 billion, a PE ratio of 41.97, a P/E/G ratio of 1.80 and a beta of 0.91.

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, beating 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 firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. C.H. Robinson Worldwide’s revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts expect that C.H. Robinson Worldwide will post 6.11 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 paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in C.H. Robinson Worldwide by 2.6% during 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 in the last quarter. State Street Corp grew its stake in C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after buying an additional 397,177 shares during the period. Wellington Management Group LLP increased its position in shares of 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 worth $945,773,000 after acquiring an additional 4,751,034 shares in the last quarter. Boston Partners increased its position in shares of 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 worth $494,372,000 after acquiring an additional 213,245 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at $579,922,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

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.