Investors Buy Shares of C.H. Robinson Worldwide, Inc. (CHRW) on Weakness

Traders purchased shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) on weakness during trading hours on Tuesday. $39.35 million flowed into the stock on the tick-up and $23.87 million flowed out of the stock on the tick-down, for a money net flow of $15.48 million into the stock. Of all equities tracked, C.H. Robinson Worldwide had the 23rd highest net in-flow for the day. C.H. Robinson Worldwide traded down ($1.17) for the day and closed at $76.13

A number of brokerages have commented on CHRW. BMO Capital Markets cut C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $72.00 to $77.00 in a research note on Tuesday. They noted that the move was a valuation call. Barclays PLC lifted their price target on C.H. Robinson Worldwide from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday. Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Tuesday, September 26th. KeyCorp reaffirmed a “buy” rating and issued a $78.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, September 26th. Finally, Stephens raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $73.00 to $90.00 in a research note on Wednesday, August 30th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $72.83.

The firm has a market cap of $10.53 billion, a PE ratio of 22.00 and a beta of 0.42. The stock’s 50-day moving average is $71.86 and its 200-day moving average is $70.76.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.12). C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the prior year, the business posted $1.00 earnings per share. C.H. Robinson Worldwide’s revenue was up 12.4% on a year-over-year basis. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post $3.28 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Wednesday, August 30th. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.94%.

In related news, VP Angela K. Freeman sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of CHRW. Van ECK Associates Corp lifted its stake in shares of C.H. Robinson Worldwide by 6.6% during the 1st quarter. Van ECK Associates Corp now owns 2,561 shares of the transportation company’s stock worth $198,000 after acquiring an additional 159 shares during the last quarter. NEXT Financial Group Inc lifted its stake in shares of C.H. Robinson Worldwide by 7.8% during the 2nd quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock worth $199,000 after acquiring an additional 209 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 3.5% during the 1st quarter. IHT Wealth Management LLC now owns 2,645 shares of the transportation company’s stock worth $202,000 after acquiring an additional 89 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of C.H. Robinson Worldwide by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,649 shares of the transportation company’s stock worth $205,000 after acquiring an additional 79 shares during the last quarter. Finally, Sawtooth Solutions LLC lifted its stake in shares of C.H. Robinson Worldwide by 2.5% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock worth $208,000 after acquiring an additional 73 shares during the last quarter. 90.10% of the stock is owned by hedge funds and other institutional investors.

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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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