Morgan Stanley restated their underweight rating on shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in a research report report published on Tuesday morning. Morgan Stanley currently has a $55.00 price objective on the transportation company’s stock, down from their prior price objective of $57.00.

Several other equities analysts also recently issued reports on CHRW. Zacks Investment Research downgraded 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 objective on the stock. Credit Suisse Group reissued a sell rating and set a $75.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Barclays PLC reissued a hold rating and set a $73.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Finally, Deutsche Bank AG reduced their price objective 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $70.10.

C.H. Robinson Worldwide (NASDAQ CHRW) traded down 0.32% on Tuesday, reaching $65.25. 1,401,629 shares of the company’s stock were exchanged. The company has a market cap of $9.20 billion, a P/E ratio of 19.13 and a beta of 0.45. The firm has a 50 day moving average of $67.88 and a 200-day moving average of $72.98. 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 announced its quarterly earnings data on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by $0.12. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.63 billion. C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. Equities analysts expect that C.H. Robinson Worldwide will post $3.29 EPS for the current fiscal year.

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

Several large investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in C.H. Robinson Worldwide by 29.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,486 shares of the transportation company’s stock valued at $810,000 after buying an additional 2,368 shares during the last quarter. Korea Investment CORP raised its stake in C.H. Robinson Worldwide by 63.6% in the first quarter. Korea Investment CORP now owns 72,247 shares of the transportation company’s stock valued at $5,584,000 after buying an additional 28,079 shares during the last quarter. Integrated Investment Consultants LLC raised its stake in C.H. Robinson Worldwide by 8.5% in the first quarter. Integrated Investment Consultants LLC now owns 1,925 shares of the transportation company’s stock valued at $149,000 after buying an additional 150 shares during the last quarter. Teachers Advisors LLC raised its stake in 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, United Capital Financial Advisers LLC raised its stake in C.H. Robinson Worldwide by 25.8% in the first quarter. United Capital Financial Advisers LLC now owns 104,818 shares of the transportation company’s stock valued at $8,101,000 after buying an additional 21,502 shares during the last quarter. 87.21% of the stock is 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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