C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Monday. They presently have a $73.30 price objective on the stock. Vetr‘s price target indicates a potential upside of 3.97% from the stock’s current price.

A number of other research firms have also issued reports on CHRW. Barclays PLC lowered C.H. Robinson Worldwide from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $78.00 to $72.00 in a research report on Monday, September 12th. JPMorgan Chase & Co. initiated coverage on C.H. Robinson Worldwide in a research report on Monday, July 11th. They set an “underweight” rating and a $66.00 price objective for the company. BMO Capital Markets restated a “hold” rating and set a $71.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 28th. Raymond James Financial Inc. restated a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Monday, July 18th. Finally, Stifel Nicolaus restated a “buy” rating and set a $81.00 price objective (up previously from $79.00) on shares of C.H. Robinson Worldwide in a research report on Sunday, September 4th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $74.84.

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

C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.06% during midday trading on Monday, hitting $70.50. The stock had a trading volume of 1,387,298 shares. The stock has a 50-day moving average price of $69.33 and a 200 day moving average price of $71.77. C.H. Robinson Worldwide has a one year low of $59.71 and a one year high of $76.10. The firm has a market cap of $10.06 billion, a PE ratio of 19.20 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 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. C.H. Robinson Worldwide had a return on equity of 44.60% and a net margin of 4.06%. The business earned $3.30 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, analysts predict that C.H. Robinson Worldwide will post $3.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Wednesday, August 31st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 46.87%.

Several large investors have recently made changes to their positions in the company. Integrated Investment Consultants LLC raised its stake in shares of C.H. Robinson Worldwide by 176.2% in the second quarter. Integrated Investment Consultants LLC now owns 1,450 shares of the company’s stock worth $108,000 after buying an additional 925 shares during the period. Van ECK Associates Corp raised its stake in shares of C.H. Robinson Worldwide by 34.2% in the second quarter. Van ECK Associates Corp now owns 1,699 shares of the company’s stock worth $126,000 after buying an additional 433 shares during the period. Mizuho Asset Management Co. Ltd. raised its stake in shares of C.H. Robinson Worldwide by 76.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,765 shares of the company’s stock worth $131,000 after buying an additional 762 shares during the period. Pacer Advisors Inc. raised its stake in shares of C.H. Robinson Worldwide by 7.2% in the second quarter. Pacer Advisors Inc. now owns 2,606 shares of the company’s stock worth $193,000 after buying an additional 176 shares during the period. Finally, BB&T Securities LLC bought a new stake in shares of C.H. Robinson Worldwide during the second quarter worth about $210,000. 82.44% of the stock is currently owned by institutional investors.

About C.H. Robinson Worldwide

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.

5 Day Chart for NASDAQ:CHRW

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