BidaskClub cut shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) from a sell rating to a strong sell rating in a research report report published on Tuesday morning.

A number of other research analysts have also issued reports on CHRW. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a hold rating to a sell rating in a research note on Tuesday, April 4th. Vertical Research started coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, April 13th. They set a sell rating and a $71.00 price target on the stock. Credit Suisse Group reiterated a sell rating and set a $75.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Barclays PLC reiterated a hold rating and set a $73.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Finally, Deutsche Bank AG dropped their price target on shares of C.H. Robinson Worldwide from $80.00 to $75.00 and set a hold rating on the stock in a research note on Friday, April 28th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $70.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) traded down 0.32% during midday trading on Tuesday, hitting $65.25. The stock had a trading volume of 1,401,629 shares. C.H. Robinson Worldwide has a 12 month low of $63.41 and a 12 month high of $81.16. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 19.13 and a beta of 0.45. The stock has a 50 day moving average of $67.88 and a 200 day moving average of $72.98.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by $0.12. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide will post $3.29 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 2nd were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, May 31st. This represents a $1.80 annualized dividend and a yield of 2.76%. C.H. Robinson Worldwide’s payout ratio is currently 52.94%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of C.H. Robinson Worldwide by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 451,238 shares of the transportation company’s stock valued at $33,059,000 after buying an additional 8,385 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of C.H. Robinson Worldwide by 4.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,910 shares of the transportation company’s stock valued at $360,000 after buying an additional 220 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at $483,000. Teachers Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 160,213 shares of the transportation company’s stock valued at $11,737,000 after buying an additional 668 shares during the last quarter. Finally, Kentucky Retirement Systems bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at $753,000. Institutional investors own 87.21% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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

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