C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives Consensus Rating of “Hold” from Brokerages

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has been given a consensus recommendation of “Hold” by the fifteen analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $76.11.

A number of equities research analysts have commented on the company. Zacks Investment Research cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Vertical Research began coverage on C.H. Robinson Worldwide in a research note on Thursday, April 13th. They issued a “sell” rating and a $71.00 price objective for the company. Deutsche Bank AG dropped their target price on C.H. Robinson Worldwide from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Credit Suisse Group restated a “sell” rating and issued a $75.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, April 27th. Finally, Barclays PLC reiterated a “hold” rating and set a $73.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, April 27th.

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A number of institutional investors have recently made changes to their positions in CHRW. TrimTabs Asset Management LLC raised its stake in shares of C.H. Robinson Worldwide by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,511 shares of the transportation company’s stock worth $117,000 after buying an additional 712 shares during the last quarter. IFP Advisors Inc raised its stake in shares of C.H. Robinson Worldwide by 4.8% in the first quarter. IFP Advisors Inc now owns 1,609 shares of the transportation company’s stock worth $124,000 after buying an additional 73 shares during the last quarter. Integrated Investment Consultants LLC raised its stake in shares of 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 worth $149,000 after buying an additional 150 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of C.H. Robinson Worldwide by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 2,402 shares of the transportation company’s stock worth $176,000 after buying an additional 83 shares during the last quarter. Finally, NEXT Financial Group Inc raised its stake in shares of 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 worth $199,000 after buying an additional 209 shares during the last quarter. 87.10% of the stock is currently owned by institutional investors.

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) opened at 68.63 on Tuesday. The firm has a market capitalization of $9.67 billion, a PE ratio of 18.95 and a beta of 0.45. C.H. Robinson Worldwide has a one year low of $65.57 and a one year high of $81.16. The firm’s 50 day moving average is $68.06 and its 200-day moving average is $73.94. C.H. Robinson Worldwide also was the target of unusually large options trading on Monday. Stock traders bought 35,554 put options on the stock. This is an increase of approximately 943% compared to the average daily volume of 3,409 put options.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, April 25th. The transportation company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. C.H. Robinson Worldwide had a return on equity of 40.46% and a net margin of 3.83%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. On average, equities research analysts predict that C.H. Robinson Worldwide will post $3.55 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 2nd were issued a $0.45 dividend. The ex-dividend date was Wednesday, May 31st. This represents a $1.80 dividend on an annualized basis and a yield of 2.61%. C.H. Robinson Worldwide’s dividend payout ratio is currently 49.72%.

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.

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

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