C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the twenty-three research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seventeen have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $195.6522.
A number of equities analysts have recently commented on CHRW shares. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Citigroup raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price target for the company in a research note on Friday, May 15th. Wells Fargo & Company lifted their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. UBS Group lifted their price target on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research note on Monday. Finally, Barclays boosted their target price on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th.
View Our Latest Research Report on CHRW
C.H. Robinson Worldwide Trading Down 0.3%
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. As a group, analysts predict that C.H. Robinson Worldwide will post 6.09 earnings per share for the current year.
C.H. Robinson Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHRW. Bank of Jackson Hole Trust purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $27,000. Millstone Evans Group LLC lifted its stake in shares of 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 buying an additional 71 shares in the last quarter. DV Equities LLC bought a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $27,000. Finally, CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide during the 2nd quarter worth approximately $30,000. 93.15% of the stock is currently 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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