Buckingham Research restated their buy rating on shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) in a research report report published on Sunday. They currently have a $87.00 target price on the stock, up from their prior target price of $79.00.
Other analysts have also recently issued reports about the company. Royal Bank Of Canada lowered their price objective on C.H. Robinson Worldwide from $80.00 to $76.00 and set an outperform rating on the stock in a research report on Thursday, July 28th. BMO Capital Markets restated a hold rating and set a $71.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 28th. Zacks Investment Research lowered C.H. Robinson Worldwide from a hold rating to a sell rating in a research note on Tuesday, June 28th. RBC Capital Markets reaffirmed an outperform rating and issued a $76.00 price target (down previously from $80.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 28th. Finally, Citigroup Inc. lowered C.H. Robinson Worldwide to a market perform rating in a research note on Monday, July 18th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $75.08.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.11% on Friday, reaching $70.34. The company had a trading volume of 1,043,810 shares. The company’s 50 day moving average price is $69.42 and its 200-day moving average price is $71.69. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 19.16 and a beta of 0.28. C.H. Robinson Worldwide has a 12 month low of $59.71 and a 12 month high of $76.10.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.42 billion. C.H. Robinson Worldwide had a return on equity of 44.60% and a net margin of 4.06%. C.H. Robinson Worldwide’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share. On average, equities analysts predict that C.H. Robinson Worldwide will post $3.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.45%. C.H. Robinson Worldwide’s payout ratio is currently 46.87%.
Large investors have recently added to or reduced their stakes in the company. Bath Savings Trust Co increased its stake in C.H. Robinson Worldwide by 4.8% in the third quarter. Bath Savings Trust Co now owns 16,454 shares of the company’s stock worth $1,160,000 after buying an additional 760 shares during the last quarter. Macquarie Group Ltd. increased its stake in C.H. Robinson Worldwide by 43.8% in the second quarter. Macquarie Group Ltd. now owns 4,600 shares of the company’s stock worth $342,000 after buying an additional 1,400 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in C.H. Robinson Worldwide during the second quarter worth $428,000. Kentucky Retirement Systems bought a new stake in C.H. Robinson Worldwide during the second quarter worth approximately $901,000. Finally, Mason Street Advisors LLC bought a new stake in C.H. Robinson Worldwide during the second quarter worth approximately $1,428,000. Institutional investors own 82.44% of the company’s stock.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers.
Receive News & Ratings for C.H. Robinson Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.