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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has earned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $192.2727.

Several equities analysts have recently weighed in on the stock. Loop Capital set a $206.00 price objective on shares of C.H. Robinson Worldwide in a research report on Monday, February 2nd. Raymond James Financial set a $210.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, April 30th. Bank of America reduced their price objective on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research report on Friday, March 27th. The Goldman Sachs Group restated a “neutral” rating and set a $149.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, January 14th. Finally, Stifel Nicolaus raised their target price on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, May 1st.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $163.26 on Friday. C.H. Robinson Worldwide has a twelve month low of $92.36 and a twelve month high of $203.34. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average of $173.86 and a 200-day moving average of $169.39. The firm has a market cap of $19.24 billion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 1.67 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm posted $1.17 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. Analysts forecast that C.H. Robinson Worldwide will post 6.07 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.01%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Transcend Capital Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth approximately $460,000. Mairs & Power Inc. raised its position in C.H. Robinson Worldwide by 0.7% during the third quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock valued at $115,153,000 after acquiring an additional 6,188 shares in the last quarter. Raiffeisen Bank International AG bought a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $937,000. Jones Kertz & Associates Inc. bought a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $1,557,000. Finally, TD Waterhouse Canada Inc. raised its position in C.H. Robinson Worldwide by 8,726.0% during the third quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock valued at $2,341,000 after acquiring an additional 17,452 shares in the last quarter. 93.15% of the stock is currently 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.