C.H. Robinson Worldwide (NASDAQ:CHRW) Releases Quarterly Earnings Results, Beats Expectations By $0.51 EPS

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) posted its quarterly earnings data on Wednesday. The transportation company reported $2.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.51, MarketWatch Earnings reports. C.H. Robinson Worldwide had a net margin of 3.75% and a return on equity of 48.03%. During the same quarter last year, the business earned $1.28 earnings per share.

Shares of C.H. Robinson Worldwide stock traded down $4.19 during trading on Friday, hitting $106.15. 1,584,053 shares of the stock were exchanged, compared to its average volume of 1,279,671. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.78 and a beta of 0.77. The company has a fifty day moving average price of $102.97 and a 200-day moving average price of $100.48. C.H. Robinson Worldwide has a 1-year low of $84.67 and a 1-year high of $112.15. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.69.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Friday, March 4th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $2.20 annualized dividend and a dividend yield of 2.07%. C.H. Robinson Worldwide’s dividend payout ratio is presently 31.07%.

Institutional investors have recently added to or reduced their stakes in the company. Covington Capital Management increased its stake in shares of C.H. Robinson Worldwide by 65.2% during the 4th quarter. Covington Capital Management now owns 413 shares of the transportation company’s stock worth $44,000 after purchasing an additional 163 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth about $73,000. Canada Pension Plan Investment Board increased its stake in shares of C.H. Robinson Worldwide by 39.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,359 shares of the transportation company’s stock worth $254,000 after purchasing an additional 662 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth about $269,000. Finally, MML Investors Services LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth about $353,000. Institutional investors own 92.29% of the company’s stock.

A number of analysts recently weighed in on CHRW shares. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $94.00 price target for the company. in a report on Friday, February 4th. Loop Capital reduced their price objective on shares of C.H. Robinson Worldwide from $101.00 to $98.00 in a research note on Friday, February 4th. Benchmark started coverage on shares of C.H. Robinson Worldwide in a research report on Thursday, January 27th. They set a “buy” rating and a $125.00 price target on the stock. Morgan Stanley reduced their price target on shares of C.H. Robinson Worldwide from $65.00 to $62.00 and set an “underweight” rating on the stock in a research report on Thursday, February 3rd. Finally, Stephens lifted their price target on shares of C.H. Robinson Worldwide from $110.00 to $115.00 in a research report on Friday, April 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $107.70.

C.H. Robinson Worldwide Company Profile (Get Rating)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truckload; less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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