Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) have been assigned a consensus rating of "Reduce" from the nineteen research firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $85.53.
CHRW has been the subject of several research reports. Wolfe Research raised shares of C.H. Robinson Worldwide from an "underperform" rating to a "peer perform" rating in a research report on Thursday, April 11th. BNP Paribas reaffirmed a "neutral" rating and set a $76.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Wells Fargo & Company began coverage on shares of C.H. Robinson Worldwide in a report on Friday, June 7th. They set an "equal weight" rating and a $94.00 price objective on the stock. Evercore ISI upgraded C.H. Robinson Worldwide from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $82.00 to $99.00 in a research note on Tuesday, June 25th. Finally, Barclays lifted their target price on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an "underweight" rating in a research note on Thursday, May 2nd.
Check Out Our Latest Research Report on CHRW
C.H. Robinson Worldwide Price Performance
C.H. Robinson Worldwide stock traded up $1.39 during trading hours on Wednesday, reaching $87.54. 591,983 shares of the stock were exchanged, compared to its average volume of 1,661,181. The stock has a 50 day moving average of $83.35 and a two-hundred day moving average of $79.78. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $100.88. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. The company has a market cap of $10.25 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 2.61 and a beta of 0.80.
C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the company posted $0.98 EPS. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. Equities analysts expect that C.H. Robinson Worldwide will post 3.59 EPS for the current fiscal year.
C.H. Robinson Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were issued a $0.61 dividend. The ex-dividend date was Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a yield of 2.79%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 96.44%.
Hedge Funds Weigh In On C.H. Robinson Worldwide
Institutional investors have recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. raised its holdings in C.H. Robinson Worldwide by 10.4% in the first quarter. Cascade Investment Advisors Inc. now owns 15,350 shares of the transportation company's stock worth $1,169,000 after purchasing an additional 1,450 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth about $2,960,000. GSA Capital Partners LLP raised its position in shares of C.H. Robinson Worldwide by 8.8% in the 3rd quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company's stock worth $796,000 after purchasing an additional 746 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of C.H. Robinson Worldwide by 21.0% in the 4th quarter. BNP Paribas Financial Markets now owns 155,894 shares of the transportation company's stock worth $13,468,000 after purchasing an additional 27,103 shares during the last quarter. Finally, Brookstone Capital Management raised its position in shares of C.H. Robinson Worldwide by 10.6% in the 4th quarter. Brookstone Capital Management now owns 6,288 shares of the transportation company's stock worth $543,000 after purchasing an additional 605 shares during the last quarter. Institutional investors own 93.15% of the company's stock.
C.H. Robinson Worldwide Company Profile
(Get Free Report
C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company 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 comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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