C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Given Average Recommendation of “Hold” by Brokerages

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) has been assigned an average rating of “Hold” from the twenty-two analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $108.84.

A number of research firms recently commented on CHRW. Benchmark began coverage on C.H. Robinson Worldwide in a research note on Thursday, January 27th. They issued a “buy” rating and a $125.00 price objective on the stock. Barclays cut their price objective on C.H. Robinson Worldwide from $108.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 3rd. Zacks Investment Research lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $94.00 price objective on the stock. in a research note on Friday, February 4th. Citigroup lifted their price objective on C.H. Robinson Worldwide from $125.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, February 3rd. Finally, Cowen cut their price objective on C.H. Robinson Worldwide from $110.00 to $109.00 and set an “outperform” rating on the stock in a research note on Thursday, February 3rd.

Large investors have recently modified their holdings of the company. TAP Consulting LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $29,000. Ellevest Inc. grew its holdings in C.H. Robinson Worldwide by 67.6% during the first quarter. Ellevest Inc. now owns 290 shares of the transportation company’s stock worth $31,000 after buying an additional 117 shares in the last quarter. Covington Capital Management grew its holdings in C.H. Robinson Worldwide by 65.2% during the fourth quarter. Covington Capital Management now owns 413 shares of the transportation company’s stock worth $44,000 after buying an additional 163 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth $46,000. Finally, Missouri Trust & Investment Co bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth $48,000. 92.29% of the stock is currently owned by institutional investors.

Shares of NASDAQ:CHRW traded down $0.48 during midday trading on Monday, hitting $101.66. 17,017 shares of the stock were exchanged, compared to its average volume of 1,409,068. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.79 and a beta of 0.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.44 and a current ratio of 1.44. The business’s 50-day moving average price is $101.59 and its 200 day moving average price is $100.13. C.H. Robinson Worldwide has a 12 month low of $84.67 and a 12 month high of $112.15.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last released its quarterly earnings results on Wednesday, February 2nd. The transportation company reported $1.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.11). The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.26 billion. C.H. Robinson Worldwide had a return on equity of 43.59% and a net margin of 3.65%. The business’s revenue for the quarter was up 42.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. As a group, sell-side analysts expect that C.H. Robinson Worldwide will post 6.41 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Friday, March 4th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Thursday, March 3rd. C.H. Robinson Worldwide’s payout ratio is 34.87%.

C.H. Robinson Worldwide Company Profile (Get Rating)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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

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