BidaskClub upgraded shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) from a strong sell rating to a sell rating in a research note released on Wednesday.
Several other research analysts have also recently weighed in on the company. Vertical Research initiated coverage on C.H. Robinson Worldwide in a research note on Thursday, April 13th. They issued a sell rating and a $71.00 price target for the company. Deutsche Bank AG decreased their price target on C.H. Robinson Worldwide from $80.00 to $75.00 and set a hold rating for the company in a research note on Friday, April 28th. Barclays PLC restated a hold rating and issued a $73.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Zacks Investment Research cut C.H. Robinson Worldwide from a hold rating to a sell rating in a research note on Tuesday, April 4th. Finally, Credit Suisse Group restated a sell rating and issued a $75.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. C.H. Robinson Worldwide currently has an average rating of Hold and an average price target of $75.53.
C.H. Robinson Worldwide (CHRW) traded up 0.905% during midday trading on Wednesday, reaching $68.585. The company had a trading volume of 444,783 shares. C.H. Robinson Worldwide has a 12-month low of $65.57 and a 12-month high of $81.16. The stock has a market capitalization of $9.67 billion, a PE ratio of 18.941 and a beta of 0.45. The company has a 50-day moving average of $68.06 and a 200-day moving average of $73.94.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, April 25th. The transportation company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.05. C.H. Robinson Worldwide had a return on equity of 40.46% and a net margin of 3.83%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts predict that C.H. Robinson Worldwide will post $3.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 2nd were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Wednesday, May 31st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 49.72%.
Hedge funds have recently bought and sold shares of the stock. TrimTabs Asset Management LLC boosted its stake 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 during the period. IFP Advisors Inc boosted its stake in 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 during the period. Integrated Investment Consultants LLC boosted its stake in 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 during the period. Van ECK Associates Corp boosted its stake in 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 during the period. Finally, Hollencrest Securities LLC purchased a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $200,000. Institutional investors own 87.09% of the company’s stock.
About C.H. Robinson Worldwide
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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