C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives Consensus Rating of “Reduce” from Analysts

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have earned an average recommendation of “Reduce” from the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $81.21.

CHRW has been the subject of several research analyst reports. Susquehanna lifted their price target on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. Wolfe Research raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Barclays reaffirmed an “underweight” rating and set a $65.00 price target (down previously from $80.00) on shares of C.H. Robinson Worldwide in a research note on Monday, April 1st. BMO Capital Markets decreased their price target on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Thursday, February 1st. Finally, Wells Fargo & Company decreased their price target on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Thursday, February 1st.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Large investors have recently made changes to their positions in the business. Montag A & Associates Inc. acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $30,000. Penserra Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at $30,000. Quarry LP acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $30,000. Larson Financial Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $31,000. Finally, Pacific Center for Financial Services acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $34,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Up 1.5 %

Shares of NASDAQ CHRW opened at $69.87 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $8.17 billion, a P/E ratio of 25.78, a PEG ratio of 3.49 and a beta of 0.72. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $106.14. The firm has a 50-day simple moving average of $72.99 and a two-hundred day simple moving average of $80.11.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.30). C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. The company had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. Research analysts anticipate that C.H. Robinson Worldwide will post 3.24 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s payout ratio is presently 90.04%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.