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

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

Several analysts recently commented on the stock. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. upped their price target 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.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $174.46 on Thursday. C.H. Robinson Worldwide has a one year low of $96.89 and a one year high of $210.33. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $20.56 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.60 and a beta of 0.91. The firm’s fifty day moving average is $187.62 and its two-hundred day moving average is $180.92.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business posted $1.17 EPS. The company’s revenue was down .9% on a year-over-year basis. Research analysts expect that C.H. Robinson Worldwide will post 6.12 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a $0.63 dividend. The ex-dividend date was 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 payout ratio is 51.01%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CHRW. Bank of Jackson Hole Trust acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $25,000. Millstone Evans Group LLC raised its position in C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after acquiring an additional 71 shares during the period. DV Equities LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide during the second quarter valued at $30,000. Finally, Cornerstone Planning Group LLC grew its position in shares of C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares during the period. 93.15% of the stock is 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.