BidaskClub upgraded shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) from a strong sell rating to a sell rating in a report published on Saturday, August 5th.
CHRW has been the topic of a number of other reports. Vertical Research began coverage on shares of C.H. Robinson Worldwide in a report on Thursday, April 13th. They set a sell rating and a $71.00 target price on the stock. Deutsche Bank AG dropped their price objective on shares of C.H. Robinson Worldwide from $80.00 to $75.00 and set a hold rating on the stock in a report on Friday, April 28th. Barclays PLC reaffirmed a hold rating and issued a $73.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, April 27th. Citigroup Inc. dropped their price objective on shares of C.H. Robinson Worldwide from $80.00 to $73.00 and set a neutral rating on the stock in a report on Thursday, July 13th. Finally, Cowen and Company lowered their target price on shares of C.H. Robinson Worldwide from $73.00 to $68.00 and set a market perform rating on the stock in a research note on Friday, July 21st. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $70.10.
Shares of C.H. Robinson Worldwide (CHRW) traded down 0.16% during mid-day trading on Friday, hitting $66.78. 2,747,335 shares of the stock were exchanged. C.H. Robinson Worldwide has a one year low of $63.41 and a one year high of $81.16. The stock has a market cap of $9.37 billion, a PE ratio of 19.58 and a beta of 0.44. The company has a 50-day moving average of $67.17 and a 200 day moving average of $72.21.
C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by $0.12. C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter last year, the company posted $1.00 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities analysts predict that C.H. Robinson Worldwide will post $3.31 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Wednesday, August 30th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 52.94%.
In other news, VP Angela K. Freeman sold 1,200 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total value of $82,464.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.85% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in CHRW. TrimTabs Asset Management LLC raised its position in 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 increased 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 valued at $124,000 after buying an additional 73 shares during the last quarter. Van ECK Associates Corp increased 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 valued at $198,000 after buying an additional 159 shares during the last quarter. Hollencrest Securities LLC acquired a new stake in C.H. Robinson Worldwide during the first quarter worth $200,000. Finally, IHT Wealth Management LLC increased its stake in C.H. Robinson Worldwide by 3.5% in the first quarter. IHT Wealth Management LLC now owns 2,645 shares of the transportation company’s stock worth $202,000 after buying an additional 89 shares in the last quarter. 90.70% of the stock is currently owned by institutional investors.
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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