BidaskClub upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a sell rating to a hold rating in a report released on Saturday morning, BidAskClub reports.
A number of other research analysts have also recently issued reports on CHRW. Citigroup cut shares of C.H. Robinson Worldwide from a buy rating to a neutral rating and set a $88.00 price objective for the company. in a report on Friday, July 26th. Stephens reduced their price objective on shares of C.H. Robinson Worldwide from $93.00 to $86.00 and set an equal weight rating for the company in a report on Thursday, May 2nd. Morgan Stanley set a $65.00 price objective on shares of C.H. Robinson Worldwide and gave the company a sell rating in a report on Monday, July 8th. UBS Group cut shares of C.H. Robinson Worldwide from a buy rating to a neutral rating and reduced their price objective for the company from $99.00 to $83.00 in a report on Wednesday, May 1st. Finally, Stifel Nicolaus set a $95.00 price objective on shares of C.H. Robinson Worldwide and gave the company a buy rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $90.20.
Shares of NASDAQ CHRW opened at $84.63 on Friday. The firm has a market capitalization of $11.46 billion, a PE ratio of 17.89, a P/E/G ratio of 1.97 and a beta of 0.65. The firm’s 50-day simple moving average is $83.93. C.H. Robinson Worldwide has a 1 year low of $77.72 and a 1 year high of $101.20. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.81 and a quick ratio of 1.91.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $4.02 billion. C.H. Robinson Worldwide had a net margin of 4.31% and a return on equity of 42.88%. The business’s revenue was down 8.6% on a year-over-year basis. During the same period last year, the company earned $1.13 earnings per share. On average, research analysts forecast that C.H. Robinson Worldwide will post 4.77 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 42.28%.
In related news, insider John Wiehoff sold 8,392 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $85.93, for a total transaction of $721,124.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.65% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Farmers National Bank purchased a new position in C.H. Robinson Worldwide during the first quarter worth about $26,000. Berman Capital Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 245.3% during the second quarter. Berman Capital Advisors LLC now owns 328 shares of the transportation company’s stock worth $27,000 after purchasing an additional 233 shares during the last quarter. Bremer Bank National Association purchased a new position in C.H. Robinson Worldwide during the first quarter worth about $36,000. Meeder Asset Management Inc. purchased a new position in C.H. Robinson Worldwide during the second quarter worth about $42,000. Finally, Signaturefd LLC boosted its holdings in C.H. Robinson Worldwide by 98.9% during the second quarter. Signaturefd LLC now owns 527 shares of the transportation company’s stock worth $44,000 after purchasing an additional 262 shares during the last quarter. Institutional investors and hedge funds own 86.72% of the company’s stock.
C.H. Robinson Worldwide Company Profile
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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