Robert W. Baird lowered shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from an outperform rating to a neutral rating in a research report sent to investors on Monday, 24/7 WallStreet reports. They currently have $98.00 price target on the transportation company’s stock.
Several other brokerages also recently commented on CHRW. Oppenheimer reiterated a hold rating on shares of C.H. Robinson Worldwide in a research note on Friday, July 31st. Deutsche Bank boosted their price target on C.H. Robinson Worldwide from $82.00 to $90.00 and gave the company a hold rating in a research note on Wednesday, August 5th. Wolfe Research downgraded C.H. Robinson Worldwide from a peer perform rating to an underperform rating in a research note on Tuesday, July 7th. Bank of America upgraded C.H. Robinson Worldwide from an underperform rating to a neutral rating and boosted their price target for the company from $67.00 to $86.00 in a research note on Wednesday, June 3rd. Finally, UBS Group boosted their price target on C.H. Robinson Worldwide from $94.00 to $101.00 and gave the company a buy rating in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $84.40.
Shares of NASDAQ CHRW opened at $96.53 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.64. C.H. Robinson Worldwide has a 12 month low of $56.94 and a 12 month high of $99.22. The stock has a 50 day moving average of $88.44 and a 200-day moving average of $76.66. The company has a market capitalization of $12.87 billion, a P/E ratio of 28.14, a P/E/G ratio of 3.09 and a beta of 0.64.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, July 28th. The transportation company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.52. C.H. Robinson Worldwide had a return on equity of 28.22% and a net margin of 3.10%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the previous year, the company posted $1.22 EPS. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide will post 3.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.11%. C.H. Robinson Worldwide’s payout ratio is 48.69%.
In other news, insider Ben G. Campbell sold 2,677 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $93.69, for a total transaction of $250,808.13. Following the completion of the transaction, the insider now owns 34,412 shares of the company’s stock, valued at approximately $3,224,060.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.82% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Duality Advisers LP acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $1,179,000. Korea Investment CORP bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $13,306,000. NN Investment Partners Holdings N.V. boosted its position in shares of C.H. Robinson Worldwide by 53.6% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 21,680 shares of the transportation company’s stock worth $1,715,000 after purchasing an additional 7,564 shares in the last quarter. Rodgers Brothers Inc. boosted its position in shares of C.H. Robinson Worldwide by 305.0% in the 1st quarter. Rodgers Brothers Inc. now owns 23,208 shares of the transportation company’s stock worth $1,536,000 after purchasing an additional 17,478 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of C.H. Robinson Worldwide by 4.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 624,800 shares of the transportation company’s stock worth $49,397,000 after purchasing an additional 29,465 shares in the last quarter. 89.11% of the stock is owned by institutional investors.
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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