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

Key Points

• C.H. Robinson Worldwide has a consensus analyst rating of “Moderate Buy” from 22 brokerages, with an average 12-month price target of about $192.27.
• The company’s latest quarter beat earnings expectations, reporting $1.35 EPS versus the $1.24 estimate, though revenue came in slightly below forecasts at $4.01 billion.
• C.H. Robinson also announced a quarterly dividend of $0.63 per share, equal to an annualized yield of about 1.5%.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-two ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $192.2727.

A number of brokerages have recently weighed in on CHRW. Loop Capital set a $206.00 price target on C.H. Robinson Worldwide in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $200.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Evercore raised their price target on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an "outperform" rating in a research report on Thursday, January 29th. Bank of America dropped their price target on 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. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $149.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, January 14th.

Insiders Place Their Bets

In related news, insider Michael D. Castagnetto acquired 594 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average price of $168.24 per share, for a total transaction of $99,934.56. Following the transaction, the insider owned 35,488 shares in the company, valued at $5,970,501.12. This trade represents a 1.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Arun Rajan bought 605 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average cost of $167.11 per share, with a total value of $101,101.55. Following the purchase, the insider directly owned 133,656 shares in the company, valued at $22,335,254.16. The trade was a 0.45% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 2,422 shares of company stock valued at $400,801. Company insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CHRW. Goldman Sachs Group Inc. raised its stake in C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company's stock valued at $82,352,000 after purchasing an additional 24,788 shares during the last quarter. United Services Automobile Association acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at about $259,000. Empowered Funds LLC raised its stake in C.H. Robinson Worldwide by 2.3% in the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company's stock valued at $1,589,000 after purchasing an additional 350 shares during the last quarter. Woodline Partners LP raised its stake in C.H. Robinson Worldwide by 41.3% in the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company's stock valued at $1,027,000 after purchasing an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in C.H. Robinson Worldwide by 9.9% in the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company's stock valued at $407,000 after purchasing an additional 359 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Up 0.0%

NASDAQ:CHRW opened at $171.39 on Friday. The stock has a fifty day moving average price of $175.07 and a two-hundred day moving average price of $168.24. The stock has a market capitalization of $20.20 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 1.71 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.53 and a current ratio of 1.59. C.H. Robinson Worldwide has a 1 year low of $88.65 and a 1 year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.C.H. Robinson Worldwide's revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 earnings per share. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide will post 6.07 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

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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