C.H. Robinson Worldwide, Inc. (CHRW) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have been given a consensus recommendation of “Hold” by the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $75.53.

CHRW has been the subject of several recent research reports. Vertical Research raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 price objective for the company in a research report on Monday, May 15th. Deutsche Bank AG lowered their price objective on C.H. Robinson Worldwide from $80.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Barclays PLC reissued a “hold” rating and set a $73.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, April 27th. BidaskClub raised C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research lowered C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th.

Several institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its position in C.H. Robinson Worldwide by 53.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 27,754 shares of the transportation company’s stock valued at $2,145,000 after buying an additional 9,612 shares in the last quarter. Clearbridge Investments LLC raised its position in C.H. Robinson Worldwide by 17.3% in the first quarter. Clearbridge Investments LLC now owns 193,456 shares of the transportation company’s stock valued at $14,952,000 after buying an additional 28,540 shares in the last quarter. Piedmont Investment Advisors LLC raised its position in C.H. Robinson Worldwide by 3,716.8% in the first quarter. Piedmont Investment Advisors LLC now owns 15,420 shares of the transportation company’s stock valued at $1,192,000 after buying an additional 15,016 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in C.H. Robinson Worldwide by 3.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 22,538 shares of the transportation company’s stock valued at $1,742,000 after buying an additional 845 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC raised its position in C.H. Robinson Worldwide by 19.0% in the first quarter. Stonebridge Capital Advisors LLC now owns 3,450 shares of the transportation company’s stock valued at $267,000 after buying an additional 550 shares in the last quarter. 87.09% of the stock is owned by hedge funds and other institutional investors.

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C.H. Robinson Worldwide (CHRW) opened at 67.97 on Monday. C.H. Robinson Worldwide has a 52-week low of $65.57 and a 52-week high of $81.16. The firm has a market cap of $9.58 billion, a P/E ratio of 18.77 and a beta of 0.45. The company’s 50 day moving average is $68.06 and its 200-day moving average is $73.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, April 25th. The transportation company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.33 billion. C.H. Robinson Worldwide had a return on equity of 40.46% and a net margin of 3.83%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 earnings per share. On average, equities analysts predict that C.H. Robinson Worldwide will post $3.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 2nd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Wednesday, May 31st. C.H. Robinson Worldwide’s dividend payout ratio is presently 49.72%.

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.

Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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