C.H. Robinson Worldwide Inc (CHRW) Receives Average Rating of “Hold” from Analysts

Shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) have received a consensus rating of “Hold” from the twenty-three brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $93.79.

A number of brokerages have recently issued reports on CHRW. KeyCorp boosted their target price on C.H. Robinson Worldwide from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 2nd. Stephens reiterated a “hold” rating and set a $98.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, August 1st. Zacks Investment Research cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Susquehanna Bancshares upgraded C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating in a report on Friday, July 13th. Finally, Morgan Stanley set a $67.00 target price on C.H. Robinson Worldwide and gave the stock a “sell” rating in a report on Monday, October 22nd.

CHRW opened at $86.19 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. C.H. Robinson Worldwide has a 12 month low of $77.52 and a 12 month high of $101.20.



C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, July 31st. The transportation company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.07. C.H. Robinson Worldwide had a return on equity of 38.81% and a net margin of 3.59%. The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, sell-side analysts forecast that C.H. Robinson Worldwide will post 4.49 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 7th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Thursday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.87%.

In related news, insider Michael W. Neill sold 452 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $96.10, for a total transaction of $43,437.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ben G. Campbell sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $100.00, for a total value of $400,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 46,758 shares of company stock worth $4,526,546 over the last three months. 0.97% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in C.H. Robinson Worldwide by 1.2% during the 2nd quarter. BlackRock Inc. now owns 11,296,656 shares of the transportation company’s stock worth $945,075,000 after acquiring an additional 133,529 shares in the last quarter. Bank of America Corp DE lifted its position in C.H. Robinson Worldwide by 10.8% during the 2nd quarter. Bank of America Corp DE now owns 6,253,343 shares of the transportation company’s stock worth $523,154,000 after acquiring an additional 607,678 shares in the last quarter. Luminus Management LLC lifted its position in C.H. Robinson Worldwide by 268.3% during the 2nd quarter. Luminus Management LLC now owns 1,253,027 shares of the transportation company’s stock worth $104,828,000 after acquiring an additional 912,800 shares in the last quarter. Janus Henderson Group PLC lifted its position in C.H. Robinson Worldwide by 255.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,246,059 shares of the transportation company’s stock worth $104,245,000 after acquiring an additional 895,269 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in C.H. Robinson Worldwide by 1.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 921,144 shares of the transportation company’s stock worth $77,063,000 after acquiring an additional 16,837 shares in the last quarter. 86.02% of the stock is currently owned by hedge funds and other 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 three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. 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, which is 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 provides door-to-door services.

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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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