Here's Why Investors Should Invest in C.H. Robinson (CHRW)

Core Viewpoint - C.H. Robinson Worldwide (CHRW) has shown strong performance over the past year and is expected to maintain this momentum, making it a compelling investment opportunity at this time [1]. Performance Overview - CHRW's stock has gained 30.2% over the past six months, significantly outperforming the industry, which has seen a loss of 7.8% during the same period [2]. - The company currently holds a Zacks Rank of 1 (Strong Buy), indicating it offers one of the best investment opportunities [3]. Earnings Estimates - The Zacks Consensus Estimate for CHRW's third-quarter 2024 earnings has increased by 12.6% over the past 90 days, while the estimate for 2024 has risen by 11.3% [4]. - Earnings for third-quarter 2024 are expected to grow by 27.38% year over year, with projected growth rates of 22.42% and 12.37% for 2024 and 2025, respectively [6]. Earnings Surprise History - CHRW has a strong earnings surprise history, exceeding the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 7.33% [5]. Shareholder Initiatives - The company has been actively rewarding shareholders through dividends and share repurchases, which enhances investor confidence [7]. - Recently, CHRW's board approved a 1.6% increase in its quarterly cash dividend, raising it to 62 cents per share ($2.48 annualized), reflecting a commitment to returning value to shareholders [8]. Cost Management - A decrease in operating expenses has positively impacted CHRW's bottom line, with operating expenses down 1.7$1.0 billion in the first half of 2024 [9].