C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) shares dropped 0.8% during mid-day trading on Friday after Deutsche Bank AG lowered their price target on the stock from $75.00 to $60.00. Deutsche Bank AG currently has a hold rating on the stock. C.H. Robinson Worldwide traded as low as $63.41 and last traded at $65.55, with a volume of 1,312,103 shares trading hands. The stock had previously closed at $65.01.
CHRW has been the subject of a number of other reports. Credit Suisse Group reissued a “sell” rating and set a $75.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, April 27th. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 price target for the company in a research report on Friday, May 5th. BidaskClub raised shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Bank of America Corporation lowered their price target on shares of C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating for the company in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus price target of $71.64.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. TrimTabs Asset Management LLC raised its stake in shares of C.H. Robinson Worldwide by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,511 shares of the transportation company’s stock worth $117,000 after buying an additional 712 shares in the last quarter. IFP Advisors Inc raised its stake in shares of C.H. Robinson Worldwide by 4.8% in the first quarter. IFP Advisors Inc now owns 1,609 shares of the transportation company’s stock worth $124,000 after buying an additional 73 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of C.H. Robinson Worldwide by 8.5% in the first quarter. Integrated Investment Consultants LLC now owns 1,925 shares of the transportation company’s stock worth $149,000 after buying an additional 150 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of C.H. Robinson Worldwide by 6.6% in the first quarter. Van ECK Associates Corp now owns 2,561 shares of the transportation company’s stock worth $198,000 after buying an additional 159 shares in the last quarter. Finally, NEXT Financial Group Inc raised its stake in shares of C.H. Robinson Worldwide by 7.8% in the second quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock worth $199,000 after buying an additional 209 shares in the last quarter. 87.10% of the stock is owned by institutional investors and hedge funds.
The company has a 50 day moving average price of $68.17 and a 200 day moving average price of $73.31. The company has a market capitalization of $9.24 billion, a PE ratio of 18.11 and a beta of 0.45.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.12. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.63 billion. C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.82%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 earnings per share. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post $3.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 2nd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Wednesday, May 31st. C.H. Robinson Worldwide’s payout ratio is currently 52.94%.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.
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