C.H. Robinson Worldwide Inc. (CHRW) Given Consensus Recommendation of “Hold” by Analysts
Shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) have been assigned an average rating of “Hold” from the twenty-three research firms that are presently covering the company. Four equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $74.64.
CHRW has been the subject of a number of research reports. Buckingham Research reaffirmed a “buy” rating and issued a $87.00 price objective (up previously from $79.00) on shares of C.H. Robinson Worldwide in a report on Sunday. Vetr downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $73.30 price objective for the company. in a report on Monday, October 3rd. Barclays PLC decreased their price objective on shares of C.H. Robinson Worldwide from $81.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. JPMorgan Chase & Co. began coverage on shares of C.H. Robinson Worldwide in a report on Monday, July 11th. They issued an “underweight” rating and a $66.00 price objective for the company. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $71.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, July 28th.
A number of institutional investors have recently modified their holdings of CHRW. Canada Pension Plan Investment Board boosted its position in C.H. Robinson Worldwide by 97.9% in the first quarter. Canada Pension Plan Investment Board now owns 295,283 shares of the company’s stock valued at $21,919,000 after buying an additional 146,100 shares during the period. Meiji Yasuda Asset Management Co Ltd. acquired a new position in C.H. Robinson Worldwide during the first quarter valued at $415,000. Motley Fool Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 9.5% in the first quarter. Motley Fool Wealth Management LLC now owns 42,518 shares of the company’s stock valued at $3,156,000 after buying an additional 3,692 shares during the period. Aviva PLC boosted its position in C.H. Robinson Worldwide by 1.1% in the first quarter. Aviva PLC now owns 72,809 shares of the company’s stock valued at $5,405,000 after buying an additional 817 shares during the period. Finally, M&T Bank Corp boosted its position in C.H. Robinson Worldwide by 7.4% in the first quarter. M&T Bank Corp now owns 13,743 shares of the company’s stock valued at $1,019,000 after buying an additional 948 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.
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C.H. Robinson Worldwide (NASDAQ:CHRW) traded down 0.24% during trading on Thursday, hitting $70.22. 379,629 shares of the stock were exchanged. The stock’s 50 day moving average is $69.52 and its 200-day moving average is $71.63. C.H. Robinson Worldwide has a one year low of $59.71 and a one year high of $76.10. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 19.13 and a beta of 0.28.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. The firm earned $3.30 billion during the quarter, compared to the consensus estimate of $3.42 billion. C.H. Robinson Worldwide had a net margin of 4.06% and a return on equity of 44.60%. The firm’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share. On average, equities research analysts expect that C.H. Robinson Worldwide will post $3.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were paid a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.72 dividend on an annualized basis and a yield of 2.44%. C.H. Robinson Worldwide’s dividend payout ratio is currently 46.87%.
C.H. Robinson Worldwide Company Profile
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.
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