C.H. Robinson Worldwide Inc (NASDAQ:CHRW) has earned an average recommendation of “Hold” from the twenty ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $91.00.
A number of research analysts recently weighed in on CHRW shares. UBS Group lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $99.00 to $83.00 in a report on Wednesday, May 1st. Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Thursday, February 7th. Susquehanna Bancshares lowered C.H. Robinson Worldwide from a “positive” rating to a “neutral” rating in a report on Wednesday, April 10th. Citigroup decreased their price objective on C.H. Robinson Worldwide from $102.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, Stephens decreased their price objective on C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd.
Shares of CHRW stock traded up $0.10 during trading on Thursday, reaching $81.89. 638,209 shares of the company’s stock were exchanged, compared to its average volume of 1,263,625. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $11.23 billion, a PE ratio of 17.31, a PEG ratio of 1.84 and a beta of 0.65. C.H. Robinson Worldwide has a twelve month low of $77.72 and a twelve month high of $101.20.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, April 30th. The transportation company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.98 billion. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.01 EPS. As a group, sell-side analysts predict that C.H. Robinson Worldwide will post 4.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio is 42.28%.
In other news, CEO Robert C. Biesterfeld, Jr. acquired 1,202 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were purchased at an average cost of $83.18 per share, with a total value of $99,982.36. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.65% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Synovus Financial Corp lifted its position in shares of C.H. Robinson Worldwide by 80.0% during the 4th quarter. Synovus Financial Corp now owns 288 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 128 shares during the period. Farmers National Bank bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at $26,000. Assetmark Inc. bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at $35,000. Bremer Trust National Association bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $37,000. Finally, Bremer Bank National Association bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 84.81% 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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