C.H. Robinson Worldwide (NASDAQ:CHRW) Research Coverage Started at Raymond James

Raymond James began coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRWFree Report) in a report released on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a market perform rating on the transportation company’s stock.

A number of other research analysts have also issued reports on CHRW. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a research note on Thursday, April 11th. Wells Fargo & Company reduced their price target on C.H. Robinson Worldwide from $80.00 to $70.00 and set an underweight rating for the company in a report on Thursday, February 1st. TD Cowen increased their price objective on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a hold rating in a research report on Thursday, May 2nd. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an underweight rating in a research report on Thursday, May 2nd. Finally, Bank of America dropped their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an underperform rating for the company in a research report on Monday, April 15th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $82.60.

View Our Latest Report on CHRW

C.H. Robinson Worldwide Trading Up 1.2 %

Shares of C.H. Robinson Worldwide stock opened at $84.11 on Wednesday. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $102.24. The company has a market capitalization of $9.85 billion, a P/E ratio of 33.25, a PEG ratio of 3.84 and a beta of 0.75. The company’s fifty day moving average is $74.75 and its two-hundred day moving average is $79.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 1.37.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.60 by $0.26. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 EPS. Analysts forecast that C.H. Robinson Worldwide will post 3.62 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.90%. The ex-dividend date is Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 96.44%.

Institutional Trading of C.H. Robinson Worldwide

Large investors have recently bought and sold shares of the company. Vision Capital Management Inc. increased its stake in C.H. Robinson Worldwide by 0.8% during the 4th quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock worth $1,435,000 after buying an additional 129 shares during the period. Empirical Finance LLC increased its position in shares of C.H. Robinson Worldwide by 3.4% during the first quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock worth $325,000 after acquiring an additional 140 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 3.4% in the third quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock worth $393,000 after acquiring an additional 149 shares in the last quarter. Alliance Wealth Advisors LLC UT boosted its holdings in C.H. Robinson Worldwide by 2.9% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock valued at $503,000 after purchasing an additional 165 shares during the last quarter. Finally, Redwood Investment Management LLC increased its holdings in C.H. Robinson Worldwide by 0.6% during the 1st quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock worth $2,143,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds 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.

Further Reading

Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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