Shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) have been given an average rating of “Hold” by the twenty-two brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $92.85.
Several research firms recently weighed in on CHRW. Zacks Investment Research upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Monday. BidaskClub cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday. Wells Fargo & Co boosted their target price on C.H. Robinson Worldwide from $92.00 to $97.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 22nd. Bank of America cut C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating in a research note on Thursday, August 9th. Finally, Stifel Nicolaus set a $106.00 target price on C.H. Robinson Worldwide and gave the stock a “buy” rating in a research note on Thursday, August 2nd.
CHRW stock traded up $0.48 during trading on Wednesday, hitting $97.76. 663,325 shares of the company’s stock were exchanged, compared to its average volume of 1,308,303. The stock has a market cap of $13.57 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 2.43 and a beta of 0.40. C.H. Robinson Worldwide has a 52-week low of $75.39 and a 52-week high of $101.20. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.88.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, July 31st. The transportation company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.07. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.18 billion. C.H. Robinson Worldwide had a return on equity of 38.81% and a net margin of 3.59%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 7th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.87%.
In other C.H. Robinson Worldwide news, insider Michael John Short sold 4,527 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $96.12, for a total value of $435,135.24. Following the completion of the sale, the insider now owns 14,717 shares in the company, valued at $1,414,598.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael W. Neill sold 452 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $96.10, for a total value of $43,437.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,758 shares of company stock valued at $4,526,546. 0.97% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Fort L.P. acquired a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $116,000. Piedmont Investment Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $132,000. Sit Investment Associates Inc. increased its holdings in shares of C.H. Robinson Worldwide by 77.5% in the second quarter. Sit Investment Associates Inc. now owns 1,775 shares of the transportation company’s stock valued at $148,000 after purchasing an additional 775 shares during the period. Cerebellum GP LLC acquired a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $177,000. Finally, Institutional & Family Asset Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $184,000. Institutional investors own 86.02% of the company’s stock.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.
Further Reading: Book Value Per Share – BVPS
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