C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Up 4.5% – Still a Buy?

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)’s share price traded up 4.5% during trading on Wednesday . The stock traded as high as $150.22 and last traded at $150.1220. 453,521 shares were traded during trading, a decline of 77% from the average session volume of 2,007,501 shares. The stock had previously closed at $143.66.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CHRW. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their price target for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. TD Cowen cut their price target on C.H. Robinson Worldwide from $155.00 to $152.00 and set a “hold” rating on the stock in a report on Tuesday, July 28th. Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Barclays increased their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $197.00.

C.H. Robinson Worldwide Stock Performance

The stock has a market cap of $17.61 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 1.21 and a beta of 0.94. The company’s 50 day simple moving average is $173.76 and its 200 day simple moving average is $176.32. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly 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 analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 EPS. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is 48.09%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently modified their holdings of CHRW. Bank of Jackson Hole Trust bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth $25,000. Millstone Evans Group LLC boosted its stake 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 valued at $27,000 after buying an additional 71 shares in the last quarter. Continuum Advisory LLC acquired a new position in C.H. Robinson Worldwide during the second quarter worth about $27,000. DV Equities LLC bought a new stake in C.H. Robinson Worldwide in the fourth quarter worth about $27,000. Finally, NBH Bank bought a new stake in C.H. Robinson Worldwide in the second quarter worth about $29,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.