C.H. Robinson Worldwide Inc. (CHRW) Cut to “Hold” at Vetr Inc.
C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Monday. They currently have a $73.30 price objective on the stock. Vetr‘s price target would suggest a potential upside of 4.21% from the company’s current price.
A number of other brokerages have also weighed in on CHRW. JPMorgan Chase & Co. assumed coverage on C.H. Robinson Worldwide in a research note on Monday, July 11th. They issued an “underweight” rating and a $66.00 target price for the company. Zacks Investment Research cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Barclays PLC decreased their price target on C.H. Robinson Worldwide from $81.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, July 27th. Raymond James Financial Inc. reiterated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Monday, July 18th. Finally, Citigroup Inc. cut C.H. Robinson Worldwide to a “market perform” rating in a report on Monday, July 18th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $75.08.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.11% during trading on Monday, hitting $70.34. The stock had a trading volume of 1,043,810 shares. The firm has a 50 day moving average of $69.42 and a 200 day moving average of $71.69. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 19.16 and a beta of 0.28. C.H. Robinson Worldwide has a 1-year low of $59.71 and a 1-year high of $76.10.
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C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, July 26th. The company reported $1.00 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.00. C.H. Robinson Worldwide had a return on equity of 44.60% and a net margin of 4.06%. The company earned $3.30 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same period last year, the company posted $0.94 earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide will post $3.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Wednesday, August 31st. C.H. Robinson Worldwide’s dividend payout ratio is presently 46.87%.
A number of large investors have recently made changes to their positions in CHRW. Integrated Investment Consultants LLC raised its stake in shares of C.H. Robinson Worldwide by 176.2% in the second quarter. Integrated Investment Consultants LLC now owns 1,450 shares of the company’s stock worth $108,000 after buying an additional 925 shares in the last quarter. Van ECK Associates Corp raised its position in C.H. Robinson Worldwide by 34.2% in the second quarter. Van ECK Associates Corp now owns 1,699 shares of the company’s stock valued at $126,000 after buying an additional 433 shares during the period. Mizuho Asset Management Co. Ltd. raised its position in C.H. Robinson Worldwide by 76.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,765 shares of the company’s stock valued at $131,000 after buying an additional 762 shares during the period. Pacer Advisors Inc. raised its position in C.H. Robinson Worldwide by 7.2% in the second quarter. Pacer Advisors Inc. now owns 2,606 shares of the company’s stock valued at $193,000 after buying an additional 176 shares during the period. Finally, BB&T Securities LLC bought a new position in C.H. Robinson Worldwide during the second quarter valued at $210,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers.
To view Vetr’s full report, visit Vetr’s official website.
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