C.H. Robinson Worldwide, Inc. (CHRW) Receives “Buy” Rating from KeyCorp

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)‘s stock had its “buy” rating reaffirmed by research analysts at KeyCorp in a research note issued to investors on Thursday. They currently have a $85.00 price objective on the transportation company’s stock. KeyCorp’s price objective would suggest a potential upside of 10.82% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Bank of America Corporation raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their price target for the company from $70.00 to $86.00 in a report on Tuesday. Stephens raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $73.00 to $90.00 in a report on Wednesday, August 30th. Deutsche Bank AG cut their price target on shares of C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating on the stock in a report on Friday, July 21st. UBS AG raised shares of C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and upped their price target for the company from $65.00 to $75.00 in a report on Tuesday, September 5th. Finally, BidaskClub cut shares of C.H. Robinson Worldwide from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Four investment analysts have rated the stock with a sell rating, eight 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 target price of $74.31.

C.H. Robinson Worldwide (CHRW) traded up 0.63% on Thursday, hitting $77.18. 1,054,046 shares of the company were exchanged. The stock has a market cap of $10.83 billion, a PE ratio of 22.63 and a beta of 0.42. C.H. Robinson Worldwide has a 52-week low of $63.41 and a 52-week high of $81.16. The firm has a 50 day moving average of $73.18 and a 200-day moving average of $70.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.12). The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.63 billion. C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. The company’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 earnings per share. On average, equities analysts expect that C.H. Robinson Worldwide will post $3.27 earnings per share for the current fiscal year.

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In other news, VP Angela K. Freeman sold 1,200 shares of the company’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 Securities & Exchange Commission, which is available at this link. 0.85% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in CHRW. Pacer Advisors Inc. grew its position in shares of C.H. Robinson Worldwide by 3.1% during the first quarter. Pacer Advisors Inc. now owns 2,649 shares of the transportation company’s stock worth $205,000 after acquiring an additional 79 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of C.H. Robinson Worldwide by 140.2% during the first quarter. JPMorgan Chase & Co. now owns 161,320 shares of the transportation company’s stock worth $12,467,000 after acquiring an additional 94,173 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of C.H. Robinson Worldwide by 28.6% during the first quarter. Victory Capital Management Inc. now owns 25,853 shares of the transportation company’s stock worth $1,998,000 after acquiring an additional 5,753 shares during the last quarter. Van ECK Associates Corp grew its position in shares of C.H. Robinson Worldwide by 6.6% during the first quarter. Van ECK Associates Corp now owns 2,561 shares of the transportation company’s stock worth $198,000 after acquiring an additional 159 shares during the last quarter. Finally, OppenheimerFunds Inc. grew its position in shares of C.H. Robinson Worldwide by 9.2% during the first quarter. OppenheimerFunds Inc. now owns 21,130 shares of the transportation company’s stock worth $1,633,000 after acquiring an additional 1,778 shares during the last quarter. Institutional investors and hedge funds own 90.10% of the company’s stock.

About C.H. Robinson Worldwide

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.

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