BidaskClub downgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a hold rating to a sell rating in a research note published on Friday, BidAskClub reports.

A number of other equities analysts have also weighed in on the stock. Citigroup lowered shares of C.H. Robinson Worldwide from a buy rating to a neutral rating and set a $88.00 price objective on the stock. in a research report on Friday, July 26th. Morgan Stanley set a $65.00 price objective on shares of C.H. Robinson Worldwide and gave the company a sell rating in a research note on Monday, July 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $89.44.

C.H. Robinson Worldwide stock opened at $83.29 on Friday. The stock has a 50 day moving average of $83.61 and a two-hundred day moving average of $84.87. C.H. Robinson Worldwide has a twelve month low of $77.72 and a twelve month high of $101.20. The stock has a market capitalization of $11.27 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.94 and a beta of 0.65. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.76.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.22. C.H. Robinson Worldwide had a return on equity of 42.88% and a net margin of 4.31%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. Equities analysts predict that C.H. Robinson Worldwide will post 4.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 42.28%.

In related news, insider Ben G. Campbell sold 20,425 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $84.00, for a total value of $1,715,700.00. Following the sale, the insider now directly owns 43,006 shares in the company, valued at $3,612,504. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Wiehoff sold 8,392 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $85.93, for a total value of $721,124.56. Following the transaction, the insider now directly owns 34,499 shares in the company, valued at approximately $2,964,499.07. The disclosure for this sale can be found here. Insiders sold a total of 45,173 shares of company stock worth $3,825,122 in the last ninety days. 1.65% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in C.H. Robinson Worldwide by 44.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 80,767 shares of the transportation company’s stock valued at $6,813,000 after purchasing an additional 24,786 shares during the last quarter. Boston Partners purchased a new position in shares of C.H. Robinson Worldwide in the second quarter valued at $208,861,000. Treasurer of the State of North Carolina raised its stake in shares of C.H. Robinson Worldwide by 4.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 59,051 shares of the transportation company’s stock worth $4,981,000 after buying an additional 2,544 shares during the last quarter. BlackRock Inc. raised its stake in shares of C.H. Robinson Worldwide by 2.0% during the 2nd quarter. BlackRock Inc. now owns 12,301,552 shares of the transportation company’s stock worth $1,037,635,000 after buying an additional 239,995 shares during the last quarter. Finally, WealthPLAN Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth about $6,572,000. Hedge funds and other institutional investors own 90.80% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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

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