Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have received an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $75.50.

A number of research firms recently commented on CHRW. BidaskClub downgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Citigroup Inc. dropped their target price on shares of C.H. Robinson Worldwide from $80.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, July 13th. Cowen and Company reaffirmed a “hold” rating and issued a $68.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, August 25th. BMO Capital Markets raised shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and increased their target price for the company from $70.00 to $72.00 in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $67.00 target price (down from $73.00) on shares of C.H. Robinson Worldwide in a research report on Friday, July 21st.

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) opened at 76.02 on Wednesday. The stock’s 50 day moving average is $73.90 and its 200 day moving average is $70.65. The firm has a market capitalization of $10.67 billion, a P/E ratio of 22.29 and a beta of 0.42. C.H. Robinson Worldwide has a 1-year low of $63.41 and a 1-year high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.12). The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.63 billion. C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. Equities analysts predict that C.H. Robinson Worldwide will post $3.27 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Wednesday, August 30th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.94%.

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In other news, VP Angela K. Freeman sold 1,200 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total value of $82,464.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Sentry Investment Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 0.6% in the 2nd quarter. Sentry Investment Management LLC now owns 6,057 shares of the transportation company’s stock worth $416,000 after acquiring an additional 39 shares during the period. Toronto Dominion Bank lifted its stake in shares of C.H. Robinson Worldwide by 25.1% in the 2nd quarter. Toronto Dominion Bank now owns 47,734 shares of the transportation company’s stock worth $3,277,000 after acquiring an additional 9,587 shares during the period. Cetera Investment Advisers acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth $428,000. Advisory Services Network LLC lifted its stake in shares of C.H. Robinson Worldwide by 1.8% in the 2nd quarter. Advisory Services Network LLC now owns 3,484 shares of the transportation company’s stock worth $239,000 after acquiring an additional 60 shares during the period. Finally, Nomura Holdings Inc. lifted its stake in shares of C.H. Robinson Worldwide by 1,552.5% in the 2nd quarter. Nomura Holdings Inc. now owns 79,388 shares of the transportation company’s stock worth $5,449,000 after acquiring an additional 74,584 shares during the period. Institutional investors own 89.95% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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

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