Trading Report: The C.H. Robinson Worldwide Inc. (CHRW) Downgraded by Vetr Inc.

The C.H. Robinson Worldwide Inc. (CHRW) Downgraded by Vetr Inc.

Vetr lowered shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) from a buy rating to a hold rating in a report published on Monday. The firm currently has $73.30 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada cut their target price on shares of C.H. Robinson Worldwide from $80.00 to $76.00 and set an outperform rating for the company in a research note on Thursday, July 28th. BMO Capital Markets reissued a hold rating and set a $71.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, July 28th. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a hold rating to a sell rating in a research note on Tuesday, June 28th. RBC Capital Markets reaffirmed an outperform rating and set a $76.00 price objective (down previously from $80.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 28th. Finally, Citigroup Inc. cut shares of C.H. Robinson Worldwide to a market perform rating in a research note on Monday, July 18th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. C.H. Robinson Worldwide presently has an average rating of Hold and an average target price of $75.08.

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) opened at 70.31 on Monday. The firm has a 50-day moving average price of $69.54 and a 200-day moving average price of $71.62. C.H. Robinson Worldwide has a 52 week low of $59.71 and a 52 week high of $76.10. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 19.15 and a beta of 0.28.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were issued 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 dividend yield of 2.45%. C.H. Robinson Worldwide’s payout ratio is 46.87%.

Large investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board raised its stake in shares of 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 worth $21,919,000 after buying an additional 146,100 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $415,000. Motley Fool Wealth Management LLC raised its stake in shares of 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 worth $3,156,000 after buying an additional 3,692 shares during the last quarter. Aviva PLC raised its stake in shares of C.H. Robinson Worldwide by 1.1% in the first quarter. Aviva PLC now owns 72,809 shares of the company’s stock worth $5,405,000 after buying an additional 817 shares during the last quarter. Finally, M&T Bank Corp raised its stake in shares of 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 worth $1,019,000 after buying an additional 948 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers.

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