C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) – KeyCorp lifted their FY2017 earnings estimates for shares of C.H. Robinson Worldwide in a research note issued on Wednesday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings of $3.30 per share for the year, up from their prior forecast of $3.20. KeyCorp currently has a “Buy” rating and a $85.00 target price on the stock. KeyCorp also issued estimates for C.H. Robinson Worldwide’s Q4 2017 earnings at $0.81 EPS and FY2018 earnings at $3.70 EPS.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.03. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year.
Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Stifel Nicolaus increased their price objective on shares of C.H. Robinson Worldwide from $71.00 to $82.00 and gave the company a “hold” rating in a research report on Wednesday. Barclays PLC upped their target price on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday. Cowen and Company upped their target price on shares of C.H. Robinson Worldwide from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Credit Suisse Group upped their target price on shares of C.H. Robinson Worldwide from $68.00 to $69.00 and gave the company an “underperform” rating in a report on Thursday. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus target price of $77.00.
A number of large investors have recently modified their holdings of CHRW. NEXT Financial Group Inc boosted its stake in C.H. Robinson Worldwide by 7.8% during the 2nd quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock worth $199,000 after purchasing an additional 209 shares during the period. Nicolet Bankshares Inc. acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $202,000. Integrated Investment Consultants LLC boosted its stake in C.H. Robinson Worldwide by 39.0% during the 3rd quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock worth $204,000 after purchasing an additional 750 shares during the period. Fox Run Management L.L.C. acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $205,000. Finally, Sawtooth Solutions LLC raised its position in C.H. Robinson Worldwide by 2.5% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock worth $208,000 after buying an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 89.17% of the company’s stock.
In related news, VP Angela K. Freeman sold 1,200 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total transaction of $82,464.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.85% of the stock is owned by corporate insiders.
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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