C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have earned an average rating of “Moderate Buy” from the twenty-five brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $180.52.

Several analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Raymond James Financial set a $163.00 price target on C.H. Robinson Worldwide in a research report on Thursday, October 29th. Bank of America restated a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Thursday, October 29th. Finally, Stifel Nicolaus reduced their target price on shares of C.H. Robinson Worldwide from $209.00 to $198.00 and set a “buy” rating for the company in a report on Thursday, October 29th.

C.H. Robinson Worldwide Trading Down 2.3%

Shares of CHRW stock opened at $125.33 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 1.34. The firm has a market capitalization of $14.53 billion, a P/E ratio of 22.50, a PEG ratio of 1.05 and a beta of 0.95. C.H. Robinson Worldwide has a fifty-two week low of $122.21 and a fifty-two week high of $210.33. The stock’s fifty day moving average is $143.65 and its two-hundred day moving average is $168.46.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 28th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.05. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the prior year, the company posted $1.40 earnings per share. The firm’s revenue for the quarter was up 29.5% on a year-over-year basis. Research analysts expect that C.H. Robinson Worldwide will post 6.36 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, December 4th. C.H. Robinson Worldwide’s dividend payout ratio is presently 45.24%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dogwood Wealth Management LLC increased its stake in C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after purchasing an additional 65 shares in the last quarter. Cornerstone Planning Group LLC grew its stake 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 worth $31,000 after acquiring an additional 67 shares during the last quarter. Millstone Evans Group LLC increased its position in shares of 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 purchasing an additional 71 shares during the period. Root Financial Partners LLC raised its holdings in shares of C.H. Robinson Worldwide by 8.7% in the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock worth $155,000 after buying an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC grew its position in C.H. Robinson Worldwide by 10.9% during the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after acquiring an additional 82 shares during the last quarter. 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 global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.