C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They currently have a $73.30 target price on the stock. Vetr‘s price objective would suggest a potential upside of 3.39% from the stock’s previous close.

A number of other equities analysts have also weighed in on CHRW. Zacks Investment Research lowered C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. JPMorgan Chase & Co. initiated coverage on C.H. Robinson Worldwide in a research note on Monday, July 11th. They set an “underweight” rating and a $66.00 price objective on the stock. Citigroup Inc. lowered 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. Raymond James Financial Inc. restated a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Monday, July 18th. Finally, Barclays PLC lowered their price objective on C.H. Robinson Worldwide from $81.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $75.08.

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

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.80% during mid-day trading on Monday, reaching $70.90. The company had a trading volume of 1,023,999 shares. C.H. Robinson Worldwide has a 12-month low of $59.71 and a 12-month high of $76.10. The firm’s 50 day moving average is $69.46 and its 200-day moving average is $71.65. The stock has a market capitalization of $10.12 billion, a P/E ratio of 19.31 and a beta of 0.28.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Wednesday, August 31st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 46.87%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in C.H. Robinson Worldwide during the first quarter valued at $37,695,000. CWM LLC raised its position in C.H. Robinson Worldwide by 10.7% in the second quarter. CWM LLC now owns 266,086 shares of the company’s stock valued at $19,757,000 after buying an additional 25,729 shares during the period. Geode Capital Management LLC raised its position in C.H. Robinson Worldwide by 5.8% in the first quarter. Geode Capital Management LLC now owns 1,261,817 shares of the company’s stock valued at $93,489,000 after buying an additional 68,732 shares during the period. Wellington Management Group LLP raised its position in C.H. Robinson Worldwide by 7,741.2% in the first quarter. Wellington Management Group LLP now owns 897,817 shares of the company’s stock valued at $66,645,000 after buying an additional 886,367 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in C.H. Robinson Worldwide during the first quarter valued at $450,000. 82.44% of the stock is owned by hedge funds and other 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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