Cleveland Research reissued their neutral rating on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a report issued on Friday.

CHRW has been the subject of a number of other reports. KeyCorp increased their price target on C.H. Robinson Worldwide from $100.00 to $105.00 and gave the company an overweight rating in a research note on Thursday, August 2nd. Stephens reaffirmed a hold rating and set a $98.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, August 1st. Zacks Investment Research lowered C.H. Robinson Worldwide from a buy rating to a hold rating in a research note on Wednesday, August 8th. Susquehanna Bancshares raised C.H. Robinson Worldwide from a neutral rating to a positive rating in a research note on Friday, July 13th. Finally, BMO Capital Markets increased their price target on C.H. Robinson Worldwide from $93.00 to $98.00 and gave the company a market perform rating in a research note on Thursday, August 2nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $94.69.

NASDAQ CHRW traded down $2.48 on Friday, reaching $90.86. 1,920,831 shares of the stock traded hands, compared to its average volume of 1,013,896. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market cap of $12.93 billion, a P/E ratio of 26.11, a PEG ratio of 2.31 and a beta of 0.40. C.H. Robinson Worldwide has a 12 month low of $77.08 and a 12 month high of $101.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Tuesday, July 31st. The transportation company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.07. The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.18 billion. C.H. Robinson Worldwide had a return on equity of 38.81% and a net margin of 3.59%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. On average, research analysts predict that C.H. Robinson Worldwide will post 4.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 7th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Thursday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 52.87%.

In other news, CEO John Wiehoff sold 30,000 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $96.45, for a total transaction of $2,893,500.00. Following the completion of the sale, the chief executive officer now directly owns 715,727 shares of the company’s stock, valued at approximately $69,031,869.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael W. Neill sold 452 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $96.10, for a total value of $43,437.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,758 shares of company stock valued at $4,526,546. Corporate insiders own 0.97% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of C.H. Robinson Worldwide by 1.2% in the second quarter. BlackRock Inc. now owns 11,296,656 shares of the transportation company’s stock worth $945,075,000 after buying an additional 133,529 shares during the period. Bank of America Corp DE boosted its position in shares of C.H. Robinson Worldwide by 10.8% in the second quarter. Bank of America Corp DE now owns 6,253,343 shares of the transportation company’s stock worth $523,154,000 after buying an additional 607,678 shares during the period. Luminus Management LLC boosted its position in shares of C.H. Robinson Worldwide by 268.3% in the second quarter. Luminus Management LLC now owns 1,253,027 shares of the transportation company’s stock worth $104,828,000 after buying an additional 912,800 shares during the period. Janus Henderson Group PLC boosted its position in shares of C.H. Robinson Worldwide by 255.2% in the second quarter. Janus Henderson Group PLC now owns 1,246,059 shares of the transportation company’s stock worth $104,245,000 after buying an additional 895,269 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of C.H. Robinson Worldwide by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 921,144 shares of the transportation company’s stock worth $77,063,000 after buying an additional 16,837 shares during the period. 86.06% of the stock is owned by institutional investors and hedge funds.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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

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