C.H. Robinson Worldwide Inc (NASDAQ:CHRW) has been given a consensus recommendation of “Hold” by the twenty research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $91.00.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 3rd. Stifel Nicolaus set a $95.00 price target on shares of C.H. Robinson Worldwide and gave the company a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Barclays lifted their price target on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Finally, Stephens dropped their price target on shares of C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd.
Shares of NASDAQ:CHRW traded up $0.65 during trading on Monday, reaching $82.87. The stock had a trading volume of 34,663 shares, compared to its average volume of 1,158,147. C.H. Robinson Worldwide has a 52 week low of $77.72 and a 52 week high of $101.20. The firm has a market cap of $11.28 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.80 and a beta of 0.62. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.81.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, April 30th. The transportation company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.02. C.H. Robinson Worldwide had a net margin of 4.16% and a return on equity of 43.21%. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. Research analysts predict that C.H. Robinson Worldwide will post 4.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 42.28%.
In related news, CEO Robert C. Biesterfeld, Jr. bought 1,202 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average price of $83.18 per share, with a total value of $99,982.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.65% of the company’s stock.
A number of institutional investors have recently made changes to their positions in CHRW. FMR LLC increased its holdings in C.H. Robinson Worldwide by 91.8% in the 4th quarter. FMR LLC now owns 8,014,313 shares of the transportation company’s stock valued at $673,924,000 after buying an additional 3,836,115 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in C.H. Robinson Worldwide by 5,277.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,857,462 shares of the transportation company’s stock valued at $34,000 after buying an additional 2,804,328 shares during the period. Norges Bank bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $103,687,000. Vanguard Group Inc increased its holdings in C.H. Robinson Worldwide by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 16,437,440 shares of the transportation company’s stock valued at $1,609,555,000 after buying an additional 491,114 shares during the period. Finally, BlackRock Inc. increased its holdings in C.H. Robinson Worldwide by 3.2% in the 1st quarter. BlackRock Inc. now owns 12,061,557 shares of the transportation company’s stock valued at $1,049,234,000 after buying an additional 378,132 shares during the period. 86.17% of the stock is currently owned by hedge funds and other institutional investors.
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.
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