UBS AG upgraded shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) from a sell rating to a neutral rating in a research note released on Tuesday, 99wallstreet.com reports. The brokerage currently has $75.00 price objective on the transportation company’s stock, up from their prior price objective of $65.00.

Several other equities research analysts have also issued reports on CHRW. Vertical Research upgraded shares of C.H. Robinson Worldwide from a sell rating to a hold rating and set a $76.00 price target on the stock in a research note on Monday, May 15th. BidaskClub upgraded shares of C.H. Robinson Worldwide from a strong sell rating to a sell rating in a research note on Saturday, August 5th. Cowen and Company reiterated a hold rating and issued a $68.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, August 25th. Stifel Nicolaus lowered their price target on shares of C.H. Robinson Worldwide from $71.00 to $67.00 and set a hold rating on the stock in a research note on Thursday, July 20th. Finally, BMO Capital Markets upgraded shares of C.H. Robinson Worldwide from a market perform rating to an outperform rating and lifted their price target for the company from $70.00 to $72.00 in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $71.75.

C.H. Robinson Worldwide (CHRW) opened at 73.74 on Tuesday. The firm has a market capitalization of $10.35 billion, a P/E ratio of 21.62 and a beta of 0.41. The stock has a 50 day moving average of $67.88 and a 200-day moving average of $71.54. C.H. Robinson Worldwide has a 1-year low of $63.41 and a 1-year high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by $0.12. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. The company’s revenue was up 12.4% on a year-over-year basis. On average, equities research analysts anticipate that C.H. Robinson Worldwide will post $3.29 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.44%. C.H. Robinson Worldwide’s dividend payout ratio is presently 52.94%.

In other news, VP Angela K. Freeman sold 1,200 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.85% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of C.H. Robinson Worldwide by 29.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,486 shares of the transportation company’s stock worth $810,000 after buying an additional 2,368 shares during the period. United Capital Financial Advisers LLC boosted its holdings in shares of C.H. Robinson Worldwide by 25.8% during the 1st quarter. United Capital Financial Advisers LLC now owns 104,818 shares of the transportation company’s stock worth $8,101,000 after buying an additional 21,502 shares during the period. OppenheimerFunds Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 9.2% during the 1st quarter. OppenheimerFunds Inc. now owns 21,130 shares of the transportation company’s stock worth $1,633,000 after buying an additional 1,778 shares during the period. Cascade Investment Advisors Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 3.2% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 18,020 shares of the transportation company’s stock worth $1,238,000 after buying an additional 555 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of C.H. Robinson Worldwide by 20.2% during the 1st quarter. Swiss National Bank now owns 658,728 shares of the transportation company’s stock worth $50,913,000 after buying an additional 110,600 shares during the period. Institutional investors own 90.10% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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

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