The Analysts gives Consensus Recommendation of “Hold” to C.H. Robinson Worldwide Inc. (CHRW)

The Analysts gives Consensus Recommendation of “Hold” to C.H. Robinson Worldwide Inc. (CHRW)

Shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) have been assigned an average rating of “Hold” from the twenty-three research firms that are presently covering the company. Four equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $74.64.

CHRW has been the subject of a number of research reports. Buckingham Research reaffirmed a “buy” rating and issued a $87.00 price objective (up previously from $79.00) on shares of C.H. Robinson Worldwide in a report on Sunday. Vetr downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $73.30 price objective for the company. in a report on Monday, October 3rd. Barclays PLC decreased their price objective on shares of C.H. Robinson Worldwide from $81.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. JPMorgan Chase & Co. began coverage on shares of C.H. Robinson Worldwide in a report on Monday, July 11th. They issued an “underweight” rating and a $66.00 price objective for the company. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $71.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, July 28th.

A number of institutional investors have recently modified their holdings of CHRW. Canada Pension Plan Investment Board boosted its position in C.H. Robinson Worldwide by 97.9% in the first quarter. Canada Pension Plan Investment Board now owns 295,283 shares of the company’s stock valued at $21,919,000 after buying an additional 146,100 shares during the period. Meiji Yasuda Asset Management Co Ltd. acquired a new position in C.H. Robinson Worldwide during the first quarter valued at $415,000. Motley Fool Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 9.5% in the first quarter. Motley Fool Wealth Management LLC now owns 42,518 shares of the company’s stock valued at $3,156,000 after buying an additional 3,692 shares during the period. Aviva PLC boosted its position in C.H. Robinson Worldwide by 1.1% in the first quarter. Aviva PLC now owns 72,809 shares of the company’s stock valued at $5,405,000 after buying an additional 817 shares during the period. Finally, M&T Bank Corp boosted its position in C.H. Robinson Worldwide by 7.4% in the first quarter. M&T Bank Corp now owns 13,743 shares of the company’s stock valued at $1,019,000 after buying an additional 948 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide (NASDAQ:CHRW) traded down 0.24% during trading on Thursday, hitting $70.22. 379,629 shares of the stock were exchanged. The stock’s 50 day moving average is $69.52 and its 200-day moving average is $71.63. C.H. Robinson Worldwide has a one year low of $59.71 and a one year high of $76.10. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 19.13 and a beta of 0.28.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. The firm earned $3.30 billion during the quarter, compared to the consensus estimate of $3.42 billion. C.H. Robinson Worldwide had a net margin of 4.06% and a return on equity of 44.60%. The firm’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share. On average, equities research analysts expect that C.H. Robinson Worldwide will post $3.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were paid a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.72 dividend on an annualized basis and a yield of 2.44%. C.H. Robinson Worldwide’s dividend payout ratio is currently 46.87%.

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