Cowen restated their buy rating on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a research note released on Friday morning, AnalystRatings.com reports. The brokerage currently has a $95.00 target price on the transportation company’s stock.
Several other research firms have also weighed in on CHRW. Wolfe Research raised shares of C.H. Robinson Worldwide from a peer perform rating to an outperform rating in a report on Tuesday, January 7th. Susquehanna Bancshares raised shares of C.H. Robinson Worldwide from a neutral rating to a positive rating and raised their price objective for the stock from $79.00 to $95.00 in a report on Wednesday, January 15th. Loop Capital reaffirmed a buy rating and set a $95.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, January 8th. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a hold rating to a sell rating and set a $84.00 price objective for the company. in a report on Thursday, January 9th. Finally, BidaskClub raised shares of C.H. Robinson Worldwide from a sell rating to a hold rating in a report on Wednesday, January 15th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $87.09.
NASDAQ:CHRW opened at $78.47 on Friday. C.H. Robinson Worldwide has a 12-month low of $74.12 and a 12-month high of $92.72. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $10.77 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 2.03 and a beta of 0.61. The firm has a 50-day moving average price of $78.56 and a 200 day moving average price of $81.44.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.07). The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.92 billion. C.H. Robinson Worldwide had a return on equity of 40.43% and a net margin of 4.25%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 EPS. On average, research analysts expect that C.H. Robinson Worldwide will post 4.44 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.51 per share. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.60%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 43.13%.
In related news, CEO Robert C. Biesterfeld, Jr. purchased 665 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $75.15 per share, with a total value of $49,974.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Michael W. Neill sold 671 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $74.63, for a total transaction of $50,076.73. The disclosure for this sale can be found here. 1.65% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 813.5% during the third quarter. Valeo Financial Advisors LLC now owns 338 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 301 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $47,000. CSat Investment Advisory L.P. grew its stake in shares of C.H. Robinson Worldwide by 116.4% during the second quarter. CSat Investment Advisory L.P. now owns 593 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 319 shares during the last quarter. Huntington National Bank grew its stake in shares of C.H. Robinson Worldwide by 102.0% during the fourth quarter. Huntington National Bank now owns 1,341 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 677 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in shares of C.H. Robinson Worldwide by 1,161.8% during the third quarter. Cullen Frost Bankers Inc. now owns 1,552 shares of the transportation company’s stock valued at $132,000 after purchasing an additional 1,429 shares during the last quarter. 94.69% of the stock is currently owned by institutional investors and hedge funds.
About C.H. Robinson Worldwide
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 North American Surface Transportation and Global Forwarding segments. 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 that include the 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 offers door-to-door services.
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