C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) have been given a consensus rating of “Reduce” by the eighteen research firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $85.38.

CHRW has been the topic of several recent analyst reports. Wells Fargo & Company initiated coverage on shares of C.H. Robinson Worldwide in a research note on Friday, June 7th. They set an “equal weight” rating and a $94.00 price objective on the stock. BNP Paribas reiterated a “neutral” rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Raymond James initiated coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. upped their price target on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. Finally, UBS Group upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and upped their price target for the company from $71.00 to $90.00 in a research note on Thursday, June 6th.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently modified their holdings of CHRW. Cascade Investment Advisors Inc. raised its stake in C.H. Robinson Worldwide by 10.4% during the first quarter. Cascade Investment Advisors Inc. now owns 15,350 shares of the transportation company’s stock worth $1,169,000 after buying an additional 1,450 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new position in C.H. Robinson Worldwide during the fourth quarter worth $2,960,000. GSA Capital Partners LLP raised its stake in C.H. Robinson Worldwide by 8.8% during the third quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company’s stock worth $796,000 after buying an additional 746 shares during the last quarter. BNP Paribas Financial Markets raised its stake in C.H. Robinson Worldwide by 21.0% during the fourth quarter. BNP Paribas Financial Markets now owns 155,894 shares of the transportation company’s stock worth $13,468,000 after buying an additional 27,103 shares during the last quarter. Finally, Brookstone Capital Management increased its stake in C.H. Robinson Worldwide by 10.6% in the fourth quarter. Brookstone Capital Management now owns 6,288 shares of the transportation company’s stock valued at $543,000 after purchasing an additional 605 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.8 %

C.H. Robinson Worldwide stock opened at $86.15 on Wednesday. The firm has a market capitalization of $10.09 billion, a PE ratio of 34.05, a P/E/G ratio of 2.61 and a beta of 0.80. The company’s 50-day moving average is $83.35 and its 200-day moving average is $79.78. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $100.88. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.26. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. C.H. Robinson Worldwide’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. Sell-side analysts anticipate that C.H. Robinson Worldwide will post 3.59 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were issued a dividend of $0.61 per share. The ex-dividend date was Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.83%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 96.44%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.