C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• C.H. Robinson Worldwide has a “Moderate Buy” consensus among 25 analysts, with 16 buy ratings, seven holds, one sell and one strong buy. The average 12-month price target is $197.
• The company exceeded quarterly expectations, reporting adjusted EPS of $1.61 versus $1.53 expected and revenue of $4.93 billion, up 19.3% year over year.
• C.H. Robinson declared a quarterly dividend of $0.63, equivalent to $2.52 annually and a 1.7% yield. Institutional investors own approximately 93.15% of the stock.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-five analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $197.00.

Several brokerages have recently commented on CHRW. Citizens Jmp initiated coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a "market perform" rating and a $235.00 price objective on the stock. Citigroup dropped their target price on shares of C.H. Robinson Worldwide from $204.00 to $196.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. Susquehanna boosted their price objective on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a research report on Tuesday, July 14th. Finally, Truist Financial upped their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Wednesday, July 15th.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $148.57 on Monday. C.H. Robinson Worldwide has a 12-month low of $120.56 and a 12-month high of $210.33. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 1.26 and a beta of 0.94. The firm has a 50 day moving average of $180.23 and a 200 day moving average of $178.74. 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 (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company's revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 earnings per share. As a group, research analysts predict that C.H. Robinson Worldwide will post 6.18 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.7%. C.H. Robinson Worldwide's payout ratio is currently 48.09%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently added to or reduced their stakes in CHRW. Bank of Jackson Hole Trust bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $25,000. Millstone Evans Group LLC increased its holdings in C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. DV Equities LLC bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $27,000. CYBER HORNET ETFs LLC purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter worth $30,000. Finally, Cornerstone Planning Group LLC lifted its stake in 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 purchasing an additional 67 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

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.

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