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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has earned a consensus rating of “Moderate Buy” from the twenty-five research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $196.56.

CHRW has been the topic of several research reports. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Stephens cut their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. Citizens Jmp began coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 target price on the stock. Finally, Sanford C. Bernstein lowered their price target 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.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millstone Evans Group LLC raised its holdings in C.H. Robinson Worldwide by 79.8% in the first 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. Continuum Advisory LLC bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at $27,000. NBH Bank purchased a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth about $29,000. Cornerstone Planning Group LLC grew its position in shares of C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after buying an additional 67 shares during the period. Finally, Bayban purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth about $32,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $153.82 on Friday. The firm has a market capitalization of $17.97 billion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide has a 12 month low of $123.64 and a 12 month high of $210.33. The business’s 50-day moving average price is $161.79 and its 200-day moving average price is $172.21.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The company 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%.C.H. Robinson Worldwide’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. Sell-side analysts forecast that C.H. Robinson Worldwide will post 6.18 EPS for the current fiscal 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 issued a $0.63 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.6%. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.