C.H. Robinson Worldwide (NASDAQ:CHRW) Shares Up 4.5% - Should You Buy?

Key Points

• C.H. Robinson shares rose 4.5% to about $150.12, although trading volume was 77% below average.
• Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $197, implying substantial upside from its trading level.
• The company exceeded quarterly expectations, reporting $1.61 EPS and $4.93 billion in revenue, while revenue increased 19.3% year over year; it also declared a quarterly dividend of $0.63 per share, yielding about 1.7% annually.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) rose 4.5% on Wednesday . The company traded as high as $150.22 and last traded at $150.1220. Approximately 453,521 shares changed hands during trading, a decline of 77% from the average session volume of 2,007,501 shares. The stock had previously closed at $143.66.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of recent analyst reports. Barclays upped their target price on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and upped their price target for the company from $195.00 to $200.00 in a report on Wednesday, May 20th. Stephens reduced their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, July 30th. Raymond James Financial set a $192.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Finally, Susquehanna boosted their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $197.00.

C.H. Robinson Worldwide Stock Up 4.9%

The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market capitalization of $17.61 billion, a P/E ratio of 28.76, a P/E/G ratio of 1.21 and a beta of 0.94. The stock has a fifty day moving average price of $173.76 and a two-hundred day moving average price of $176.32.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The firm had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same period last year, the business posted $1.29 earnings per share. The firm's revenue for the quarter was up 19.3% on a year-over-year basis. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders 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 annualized dividend and a dividend yield of 1.7%. C.H. Robinson Worldwide's payout ratio is 48.09%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Jackson Hole Trust bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $25,000. Millstone Evans Group LLC boosted its position in C.H. Robinson Worldwide by 79.8% during the 1st 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. Continuum Advisory LLC acquired a new position in C.H. Robinson Worldwide during the 2nd quarter valued at approximately $27,000. DV Equities LLC bought a new position in C.H. Robinson Worldwide during the 4th quarter worth $27,000. Finally, NBH Bank bought a new position in C.H. Robinson Worldwide during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 93.15% of the company's stock.

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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