C.H. Robinson Worldwide (NASDAQ:CHRW) Rating Increased to Hold at BidaskClub
Several other analysts have also issued reports on CHRW. Stifel Nicolaus set a $95.00 price target on shares of C.H. Robinson Worldwide and gave the stock a buy rating in a research report on Friday, May 3rd. Stephens reduced their price target on shares of C.H. Robinson Worldwide from $93.00 to $86.00 and set an equal weight rating on the stock in a research report on Thursday, May 2nd. Morgan Stanley set a $65.00 price target on shares of C.H. Robinson Worldwide and gave the stock a sell rating in a research report on Monday, July 8th. UBS Group lowered shares of C.H. Robinson Worldwide from a buy rating to a neutral rating and reduced their price target for the stock from $99.00 to $83.00 in a research report on Wednesday, May 1st. Finally, Citigroup lowered shares of C.H. Robinson Worldwide from a buy rating to a neutral rating and set a $88.00 price target on the stock. in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $90.20.
NASDAQ CHRW opened at $84.63 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.81 and a quick ratio of 1.91. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.97 and a beta of 0.65. The stock’s 50 day moving average price is $83.93. C.H. Robinson Worldwide has a 1 year low of $77.72 and a 1 year high of $101.20.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $2.00 dividend on an annualized basis and a yield of 2.36%. C.H. Robinson Worldwide’s dividend payout ratio is currently 42.28%.
In other C.H. Robinson Worldwide news, insider John Wiehoff sold 8,392 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $85.93, for a total value of $721,124.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.65% of the company’s stock.
A number of institutional investors have recently modified their holdings of CHRW. Farmers National Bank bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at $26,000. Berman Capital Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 245.3% during the second quarter. Berman Capital Advisors LLC now owns 328 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 233 shares during the last quarter. Bremer Bank National Association bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at $36,000. Meeder Asset Management Inc. bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at $42,000. Finally, Signaturefd LLC raised its stake in shares of C.H. Robinson Worldwide by 98.9% during the second quarter. Signaturefd LLC now owns 527 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 86.72% of the company’s stock.
About C.H. Robinson Worldwide
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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