BMO Capital Markets upgraded shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) from a market perform rating to an outperform rating in a research note released on Wednesday, MarketBeat reports. They currently have $72.00 price target on the transportation company’s stock, up from their prior price target of $70.00. The analysts noted that the move was a valuation call.

Several other research firms also recently commented on CHRW. Zacks Investment Research downgraded C.H. Robinson Worldwide from a hold rating to a sell rating in a report on Tuesday, April 4th. Vertical Research assumed coverage on C.H. Robinson Worldwide in a report on Thursday, April 13th. They issued a sell rating and a $71.00 price objective for the company. Deutsche Bank AG reduced their price objective on C.H. Robinson Worldwide from $80.00 to $75.00 and set a hold rating for the company in a report on Friday, April 28th. Credit Suisse Group reiterated a sell rating and issued a $75.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, April 27th. Finally, Barclays PLC restated 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. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $70.10.

C.H. Robinson Worldwide (NASDAQ CHRW) opened at 65.25 on Wednesday. C.H. Robinson Worldwide has a one year low of $63.41 and a one year high of $81.16. The stock has a market capitalization of $9.20 billion, a P/E ratio of 19.13 and a beta of 0.45. The company 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 released its quarterly earnings data on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing the consensus estimate 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 business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts predict that C.H. Robinson Worldwide will post $3.29 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in C.H. Robinson Worldwide by 3,092.5% in the first quarter. BlackRock Inc. now owns 10,512,195 shares of the transportation company’s stock worth $812,488,000 after buying an additional 10,182,922 shares in the last quarter. Vanguard Group Inc. boosted its position in C.H. Robinson Worldwide by 3.9% in the first quarter. Vanguard Group Inc. now owns 15,129,330 shares of the transportation company’s stock worth $1,169,345,000 after buying an additional 570,800 shares in the last quarter. FMR LLC boosted its position in C.H. Robinson Worldwide by 10.2% in the first quarter. FMR LLC now owns 5,091,485 shares of the transportation company’s stock worth $393,521,000 after buying an additional 472,798 shares in the last quarter. AXA boosted its position in C.H. Robinson Worldwide by 215.9% in the first quarter. AXA now owns 631,100 shares of the transportation company’s stock worth $48,778,000 after buying an additional 431,300 shares in the last quarter. Finally, PGGM Investments boosted its position in C.H. Robinson Worldwide by 268.7% in the second quarter. PGGM Investments now owns 421,177 shares of the transportation company’s stock worth $28,926,000 after buying an additional 306,937 shares in the last quarter. 87.21% of the stock is currently owned by institutional investors.

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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