C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on C.H. Robinson, with 17 buy ratings, six holds, one sell and one strong buy. The average 12-month price target is $196.56.
• C.H. Robinson exceeded quarterly expectations, reporting $1.61 in EPS versus the $1.53 consensus and $4.93 billion in revenue, up 19.3% year over year.
• The company declared a quarterly dividend of $0.63, equivalent to $2.52 annually and a 1.7% yield, while institutional investors own approximately 93.15% of the stock.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-five research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, seventeen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $196.56.

CHRW has been the subject of several research analyst reports. Wall Street Zen downgraded C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Sanford C. Bernstein lowered their target price on C.H. Robinson Worldwide from $153.00 to $151.00 and set a "market perform" rating on the stock in a research note on Tuesday, August 11th. Truist Financial upped their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a "buy" rating in a report on Wednesday, July 15th. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and increased their price target for the stock from $195.00 to $200.00 in a research report on Wednesday, May 20th. Finally, Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th.

C.H. Robinson Worldwide Trading Up 1.3%

Shares of CHRW stock opened at $152.42 on Friday. The stock has a 50-day simple moving average of $165.33 and a 200 day simple moving average of $173.09. The stock has a market capitalization of $17.81 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.27 and a beta of 0.94. C.H. Robinson Worldwide has a fifty-two week low of $123.64 and a fifty-two week high of $210.33. The company has a quick ratio of 1.58, a current 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 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same period in the previous year, the business earned $1.29 earnings per share. C.H. Robinson Worldwide's revenue for the quarter was up 19.3% compared to the same quarter last year. On average, sell-side analysts expect that C.H. Robinson Worldwide will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business 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. The ex-dividend date 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 dividend payout ratio is presently 48.09%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in C.H. Robinson Worldwide by 3.2% during the first 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 worth about $259,000. Empowered Funds LLC raised its stake in shares of C.H. Robinson Worldwide by 2.3% during the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company's stock worth $1,589,000 after purchasing an additional 350 shares in the last quarter. Woodline Partners LP raised its stake in shares of C.H. Robinson Worldwide by 41.3% during the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company's stock worth $1,027,000 after purchasing an additional 2,930 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of C.H. Robinson Worldwide by 9.9% during the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company's stock valued at $407,000 after buying an additional 359 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.

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