BMO Capital Markets Reaffirms “Hold” Rating for C.H. Robinson Worldwide Inc. (CHRW)
C.H. Robinson Worldwide Inc. (NASDAQ:CHRW)‘s stock had its “hold” rating reiterated by BMO Capital Markets in a research note issued to investors on Thursday. They currently have a $71.00 target price on the stock. BMO Capital Markets’ price objective indicates a potential upside of 5.14% from the stock’s current price.
Several other analysts have also issued reports on the stock. Stephens lowered shares of C.H. Robinson Worldwide from an “overweight” rating to an “equal weight” rating and set a $76.00 price target on the stock. in a research report on Thursday, April 28th. KeyCorp upgraded shares of C.H. Robinson Worldwide from a “sector weight” rating to an “overweight” rating and set a $82.00 price target on the stock in a research report on Thursday, April 14th. Buckingham Research raised their price target on shares of C.H. Robinson Worldwide from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. BB&T Corp. downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. assumed coverage on shares of C.H. Robinson Worldwide in a report on Monday, July 11th. They set an “underweight” rating and a $66.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $75.00.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.25% on Thursday, reaching $67.53. 1,665,659 shares of the company’s stock traded hands. The firm’s 50-day moving average is $69.42 and its 200 day moving average is $72.07. 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 capitalization of $9.64 billion, a PE ratio of 18.40 and a beta of 0.30.
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C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, July 26th. The company reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00. C.H. Robinson Worldwide had a net margin of 4.06% and a return on equity of 44.60%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same period last year, the business posted $0.94 EPS. C.H. Robinson Worldwide’s revenue was down 6.9% compared to the same quarter last year. Analysts forecast that C.H. Robinson Worldwide will post $3.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Wednesday, August 31st. C.H. Robinson Worldwide’s dividend payout ratio is currently 46.87%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Dorsey & Whitney Trust CO LLC boosted its position in shares of C.H. Robinson Worldwide by 7.2% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 53,307 shares of the company’s stock worth $3,307,000 after buying an additional 3,575 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of C.H. Robinson Worldwide during the first quarter worth about $37,695,000. Geode Capital Management LLC boosted its position in shares of 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 worth $93,489,000 after buying an additional 68,732 shares in the last quarter. CWM LLC boosted its position in shares of C.H. Robinson Worldwide by 10.7% in the second quarter. CWM LLC now owns 266,086 shares of the company’s stock worth $19,757,000 after buying an additional 25,729 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of C.H. Robinson Worldwide by 78.7% in the fourth quarter. Schroder Investment Management Group now owns 1,669,862 shares of the company’s stock worth $103,565,000 after buying an additional 735,662 shares in the last quarter. Hedge funds and other institutional investors own 82.49% of the company’s stock.
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.
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