C.H. Robinson Worldwide (NASDAQ:CHRW) Releases Earnings Results, Beats Expectations By $0.08 EPS

C.H. Robinson Worldwide (NASDAQ:CHRW) posted its earnings results on Wednesday. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08, Zacks reports. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%.

C.H. Robinson Worldwide Trading Up 2.6%

CHRW stock traded up $4.41 on Wednesday, hitting $173.75. 4,064,371 shares of the company were exchanged, compared to its average volume of 2,029,647. C.H. Robinson Worldwide has a twelve month low of $96.89 and a twelve month high of $210.33. The stock has a market capitalization of $20.48 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 1.50 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The business’s fifty day moving average is $187.55 and its two-hundred day moving average is $180.93.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Jackson Hole Trust acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $25,000. DV Equities LLC bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $27,000. Measured Wealth Private Client Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter valued at $34,000. CYBER HORNET ETFs LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth about $30,000. Finally, MUFG Securities EMEA plc acquired a new position in C.H. Robinson Worldwide during the 2nd quarter valued at about $34,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHRW. Stifel Nicolaus lifted their price target on C.H. Robinson Worldwide from $207.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Citizens Jmp assumed coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target for the company. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price objective for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Finally, Truist Financial increased their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.84.

C.H. Robinson Worldwide Company Profile

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.