C.H. Robinson Worldwide’s (CHRW) “Positive” Rating Reiterated at Susquehanna

by · The Markets Daily

Susquehanna reiterated their positive rating on shares of C.H. Robinson Worldwide (NASDAQ:CHRW – Free Report) in a report issued on Tuesday morning, MarketBeat Ratings reports. They currently have a $120.00 price target on the transportation company’s stock, up from their previous price target of $115.00.

Several other brokerages have also recently commented on CHRW. JPMorgan Chase & Co. dropped their target price on C.H. Robinson Worldwide from $126.00 to $118.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. TD Cowen boosted their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Wells Fargo & Company dropped their target price on C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, TD Securities boosted their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.52.

Check Out Our Latest Report on CHRW

C.H. Robinson Worldwide Stock Performance

CHRW opened at $93.19 on Tuesday. The business’s 50 day moving average is $93.81 and its 200-day moving average is $98.31. The stock has a market cap of $11.06 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide has a twelve month low of $84.24 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts predict that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 59.33%.

Insider Activity

In other news, insider Angela K. Freeman sold 5,700 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the transaction, the insider now directly owns 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently modified their holdings of CHRW. Principal Financial Group Inc. lifted its stake in shares of C.H. Robinson Worldwide by 5.3% in the 4th quarter. Principal Financial Group Inc. now owns 142,016 shares of the transportation company’s stock valued at $14,673,000 after purchasing an additional 7,183 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at $211,000. Bank of New York Mellon Corp lifted its stake in shares of C.H. Robinson Worldwide by 4.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,129,703 shares of the transportation company’s stock valued at $116,721,000 after purchasing an additional 47,146 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 95.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 205,425 shares of the transportation company’s stock valued at $21,225,000 after purchasing an additional 100,572 shares during the last quarter. Finally, National Pension Service acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at $25,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

(Get Free Report)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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