BidaskClub Downgrades C.H. Robinson Worldwide (NASDAQ:CHRW) to Sell

BidaskClub cut shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a hold rating to a sell rating in a research report released on Friday morning, BidAskClub reports.

Several other analysts have also recently commented on the stock. Susquehanna Bancshares cut shares of Echo Global Logistics from a positive rating to a neutral rating in a research note on Wednesday, April 10th. Citigroup cut shares of BCE from a buy rating to a neutral rating in a research note on Thursday, May 2nd. UBS Group cut shares of Advanced Disposal Services from a buy rating to a neutral rating and set a $33.00 price target on the stock. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Stifel Nicolaus set a $95.00 price target on shares of C.H. Robinson Worldwide and gave the company a buy rating in a research note on Friday, May 3rd. Finally, Stephens set a $71.00 price target on shares of Saia and gave the company a hold rating in a research note on Thursday, May 2nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. C.H. Robinson Worldwide currently has an average rating of Hold and a consensus target price of $93.71.

Shares of C.H. Robinson Worldwide stock opened at $84.51 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market capitalization of $11.62 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.92 and a beta of 0.63. C.H. Robinson Worldwide has a 1-year low of $77.72 and a 1-year high of $101.20. The business’s 50-day moving average price is $82.51.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, April 30th. The transportation company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.02. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.98 billion. C.H. Robinson Worldwide had a net margin of 4.16% and a return on equity of 43.21%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. As a group, equities analysts expect that C.H. Robinson Worldwide will post 4.91 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a $0.50 dividend. The ex-dividend date was Thursday, June 6th. This represents a $2.00 annualized dividend and a yield of 2.37%. C.H. Robinson Worldwide’s dividend payout ratio is currently 42.28%.

In other C.H. Robinson Worldwide news, CEO Robert C. Biesterfeld, Jr. acquired 1,202 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average cost of $83.18 per share, for a total transaction of $99,982.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.65% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. OLD National Bancorp IN bought a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $265,000. Raymond James Trust N.A. increased its position in shares of C.H. Robinson Worldwide by 31.3% during the second quarter. Raymond James Trust N.A. now owns 5,358 shares of the transportation company’s stock worth $452,000 after acquiring an additional 1,278 shares in the last quarter. Marathon Asset Management LLP increased its position in shares of C.H. Robinson Worldwide by 20.3% during the second quarter. Marathon Asset Management LLP now owns 710,006 shares of the transportation company’s stock worth $59,888,000 after acquiring an additional 119,939 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 71.2% during the second quarter. Nisa Investment Advisors LLC now owns 38,857 shares of the transportation company’s stock worth $3,278,000 after acquiring an additional 16,155 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. increased its position in shares of C.H. Robinson Worldwide by 9.1% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 24,637 shares of the transportation company’s stock worth $2,078,000 after acquiring an additional 2,054 shares in the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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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Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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