Brokers Issue Forecasts for C.H. Robinson Worldwide Inc’s FY2019 Earnings (CHRW)

C.H. Robinson Worldwide Inc (NASDAQ:CHRW) – Analysts at KeyCorp lifted their FY2019 earnings per share estimates for C.H. Robinson Worldwide in a report issued on Wednesday. KeyCorp analyst T. Fowler now forecasts that the transportation company will earn $4.90 per share for the year, up from their previous forecast of $4.15. KeyCorp currently has a “Overweight” rating on the stock.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.03. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the company earned $0.90 EPS. C.H. Robinson Worldwide’s revenue was up 12.8% on a year-over-year basis.

A number of other brokerages also recently weighed in on CHRW. Cleveland Research raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating in a report on Friday. BidaskClub downgraded shares of C.H. Robinson Worldwide from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 18th. Credit Suisse Group raised shares of C.H. Robinson Worldwide to a “hold” rating and set a $85.00 price target for the company in a report on Wednesday, January 17th. Robert W. Baird reissued a “hold” rating and issued a $90.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, January 9th. Finally, Zacks Investment Research downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $79.12.

Shares of C.H. Robinson Worldwide (CHRW) opened at $96.73 on Monday. C.H. Robinson Worldwide has a 1-year low of $63.41 and a 1-year high of $100.18. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $13,513.66, a PE ratio of 28.87, a price-to-earnings-growth ratio of 2.72 and a beta of 0.48.

In other news, insider Jordan T. Kass sold 1,738 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $78.75, for a total value of $136,867.50. Following the transaction, the insider now owns 24,348 shares in the company, valued at approximately $1,917,405. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James Lemke sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $79.98, for a total value of $1,199,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,903 shares of company stock worth $1,854,925. Corporate insiders own 0.85% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CHRW. First Eagle Investment Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 51.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,370,010 shares of the transportation company’s stock valued at $484,758,000 after purchasing an additional 2,161,520 shares during the period. Harris Associates L P increased its holdings in shares of C.H. Robinson Worldwide by 273.2% in the 2nd quarter. Harris Associates L P now owns 1,027,045 shares of the transportation company’s stock valued at $70,537,000 after purchasing an additional 751,820 shares during the period. Janus Henderson Group PLC increased its holdings in shares of C.H. Robinson Worldwide by 3,618.9% in the 2nd quarter. Janus Henderson Group PLC now owns 566,205 shares of the transportation company’s stock valued at $38,887,000 after purchasing an additional 550,980 shares during the period. Capital International Investors increased its holdings in shares of C.H. Robinson Worldwide by 5.6% in the 3rd quarter. Capital International Investors now owns 9,166,834 shares of the transportation company’s stock valued at $697,596,000 after purchasing an additional 488,372 shares during the period. Finally, Parnassus Investments CA acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $32,723,000. Institutional investors own 94.31% of the company’s stock.

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C.H. Robinson Worldwide Company Profile

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.

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