C.H. Robinson Worldwide Inc. (NASDAQ:CHRW)‘s stock had its “buy” rating reiterated by equities researchers at Buckingham Research in a report issued on Sunday. They currently have a $87.00 price objective on the stock, up from their previous price objective of $79.00. Buckingham Research’s price objective indicates a potential upside of 23.68% from the stock’s previous close.
Several other research firms also recently issued reports on CHRW. Barclays PLC downgraded shares of C.H. Robinson Worldwide from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $78.00 to $72.00 in a research note on Monday, September 12th. JPMorgan Chase & Co. initiated coverage on shares of C.H. Robinson Worldwide in a research note on Monday, July 11th. They set an “underweight” rating and a $66.00 price target on the stock. Vetr downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $73.30 price target on the stock. in a research note on Monday, October 3rd. BMO Capital Markets reaffirmed a “hold” rating and set a $71.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, July 28th. Finally, Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Monday, July 18th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $75.08.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.11% during midday trading on Friday, hitting $70.34. 1,043,810 shares of the stock were exchanged. The company has a market cap of $10.04 billion, a PE ratio of 19.16 and a beta of 0.28. The firm has a 50-day moving average price of $69.42 and a 200-day moving average price of $71.69. 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 issued its earnings results on Tuesday, July 26th. The company reported $1.00 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.00. C.H. Robinson Worldwide had a net margin of 4.06% and a return on equity of 44.60%. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter last year, the firm posted $0.94 EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, equities analysts predict that C.H. Robinson Worldwide will post $3.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were issued a $0.43 dividend. The ex-dividend date 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%.
Hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors increased its stake in C.H. Robinson Worldwide by 31.3% in the second quarter. Capital Research Global Investors now owns 5,316,477 shares of the company’s stock worth $394,748,000 after buying an additional 1,268,683 shares during the last quarter. BlackRock Fund Advisors increased its stake in C.H. Robinson Worldwide by 34.1% in the second quarter. BlackRock Fund Advisors now owns 3,690,234 shares of the company’s stock worth $274,000,000 after buying an additional 937,846 shares during the last quarter. Wellington Management Group LLP increased its stake in C.H. Robinson Worldwide by 7,741.2% in the first quarter. Wellington Management Group LLP now owns 897,817 shares of the company’s stock worth $66,645,000 after buying an additional 886,367 shares during the last quarter. Bank of Montreal Can acquired a new stake in C.H. Robinson Worldwide during the second quarter worth approximately $45,896,000. Finally, Vanguard Group Inc. increased its stake in C.H. Robinson Worldwide by 4.1% in the second quarter. Vanguard Group Inc. now owns 14,259,161 shares of the company’s stock worth $1,058,744,000 after buying an additional 562,057 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.
About C.H. Robinson Worldwide
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.
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