C.H. Robinson Worldwide, Inc. (CHRW) Stock Rating Reaffirmed by KeyCorp
KeyCorp reissued their buy rating on shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in a research note released on Tuesday. The brokerage currently has a $78.00 price target on the transportation company’s stock.
Several other research firms have also weighed in on CHRW. Morgan Stanley reiterated an underweight rating and issued a $55.00 target price (down from $57.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, July 25th. BidaskClub upgraded shares of C.H. Robinson Worldwide from a strong sell rating to a sell rating in a report on Saturday, August 5th. Bank of America Corporation cut their target price on shares of C.H. Robinson Worldwide from $70.00 to $60.00 and set an underperform rating on the stock in a report on Thursday, July 20th. Stephens upgraded shares of C.H. Robinson Worldwide from an equal weight rating to an overweight rating and increased their target price for the stock from $73.00 to $90.00 in a report on Wednesday, August 30th. Finally, Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a hold rating to a buy rating and set a $83.00 target price on the stock in a report on Tuesday. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $72.33.
C.H. Robinson Worldwide (CHRW) opened at 76.10 on Tuesday. The company has a market cap of $10.68 billion, a PE ratio of 22.32 and a beta of 0.41. The firm has a 50 day moving average price of $69.19 and a 200 day moving average price of $71.02. C.H. Robinson Worldwide has a 12-month low of $63.41 and a 12-month high of $81.16.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.12). The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.63 billion. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the business posted $1.00 earnings per share. On average, analysts anticipate that C.H. Robinson Worldwide will post $3.29 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 1st were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.37%. C.H. Robinson Worldwide’s payout ratio is 52.94%.
In related news, VP Angela K. Freeman sold 1,200 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total value of $82,464.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.85% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its position in C.H. Robinson Worldwide by 6.6% in the first quarter. Van ECK Associates Corp now owns 2,561 shares of the transportation company’s stock valued at $198,000 after purchasing an additional 159 shares in the last quarter. IHT Wealth Management LLC grew its position in C.H. Robinson Worldwide by 3.5% in the first quarter. IHT Wealth Management LLC now owns 2,645 shares of the transportation company’s stock valued at $202,000 after purchasing an additional 89 shares in the last quarter. Pacer Advisors Inc. grew its position in C.H. Robinson Worldwide by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,649 shares of the transportation company’s stock valued at $205,000 after purchasing an additional 79 shares in the last quarter. NEXT Financial Group Inc grew its position in C.H. Robinson Worldwide by 7.8% in the second quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock valued at $199,000 after purchasing an additional 209 shares in the last quarter. Finally, Mirador Capital Partners LP bought a new position in C.H. Robinson Worldwide in the first quarter valued at $232,000. 90.10% of the stock is owned by institutional investors and hedge funds.
C.H. Robinson Worldwide Company Profile
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.
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