C.H. Robinson Worldwide (CHRW) – Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of C.H. Robinson Worldwide (NASDAQ: CHRW) recently:

  • 1/17/2023 – C.H. Robinson Worldwide was downgraded by analysts at Bank of America Co. from a “neutral” rating to an “underperform” rating. They now have a $88.00 price target on the stock, down previously from $95.00.
  • 1/11/2023 – C.H. Robinson Worldwide had its price target raised by analysts at Morgan Stanley from $66.00 to $67.00. They now have an “underweight” rating on the stock.
  • 1/11/2023 – C.H. Robinson Worldwide had its price target lowered by analysts at KeyCorp from $120.00 to $110.00. They now have an “overweight” rating on the stock.
  • 1/11/2023 – C.H. Robinson Worldwide was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $90.00 price target on the stock, down previously from $103.00.
  • 1/10/2023 – C.H. Robinson Worldwide was downgraded by analysts at The Goldman Sachs Group, Inc. from a “buy” rating to a “neutral” rating. They now have a $93.00 price target on the stock, down previously from $102.00.
  • 1/9/2023 – C.H. Robinson Worldwide had its price target lowered by analysts at BMO Capital Markets from $95.00 to $90.00. They now have a “market perform” rating on the stock.
  • 1/5/2023 – C.H. Robinson Worldwide was downgraded by analysts at Cowen Inc. from an “outperform” rating to a “market perform” rating. They now have a $91.00 price target on the stock, down previously from $106.00.
  • 1/5/2023 – C.H. Robinson Worldwide was downgraded by analysts at Cowen Inc from an “outperform” rating to a “market perform” rating. They now have a $91.00 price target on the stock, down previously from $106.00.
  • 1/4/2023 – C.H. Robinson Worldwide had its price target lowered by analysts at Credit Suisse Group AG from $97.00 to $93.00. They now have an “underperform” rating on the stock.
  • 1/4/2023 – C.H. Robinson Worldwide was downgraded by analysts at UBS Group AG from a “neutral” rating to a “sell” rating. They now have a $81.00 price target on the stock, down previously from $90.00.
  • 1/4/2023 – C.H. Robinson Worldwide was downgraded by analysts at Bank of America Co. from a “buy” rating to a “neutral” rating. They now have a $95.00 price target on the stock, down previously from $104.00.
  • 11/30/2022 – C.H. Robinson Worldwide is now covered by analysts at Exane BNP Paribas. They set an “outperform” rating and a $128.00 price target on the stock.
  • 11/30/2022 – C.H. Robinson Worldwide is now covered by analysts at BNP Paribas. They set an “outperform” rating and a $128.00 price target on the stock.

C.H. Robinson Worldwide Trading Down 1.0 %

CHRW traded down $0.95 on Wednesday, reaching $98.14. 396,834 shares of the company’s stock were exchanged, compared to its average volume of 1,627,352. The company’s 50 day moving average is $94.71 and its 200-day moving average is $100.46. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 2.49 and a beta of 0.76. C.H. Robinson Worldwide, Inc. has a twelve month low of $86.57 and a twelve month high of $121.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 1.32.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The transportation company reported $1.78 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.37). The company had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $6.37 billion. C.H. Robinson Worldwide had a return on equity of 54.77% and a net margin of 4.11%. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 7.79 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Friday, December 2nd were paid a dividend of $0.61 per share. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.55. This represents a $2.44 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, December 1st. C.H. Robinson Worldwide’s dividend payout ratio is 29.61%.

Insider Buying and Selling

In related news, insider Jordan T. Kass sold 5,276 shares of the firm’s stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $97.73, for a total transaction of $515,623.48. Following the transaction, the insider now directly owns 45,603 shares in the company, valued at $4,456,781.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several large investors have recently added to or reduced their stakes in CHRW. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in C.H. Robinson Worldwide in the second quarter worth $25,000. Armstrong Advisory Group Inc. acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at $27,000. Denali Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter valued at $29,000. Penserra Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter valued at $30,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of C.H. Robinson Worldwide by 377.9% during the second quarter. First Horizon Advisors Inc. now owns 325 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 257 shares during the period. 96.01% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truckload; less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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