KeyCorp Weighs in on C.H. Robinson Worldwide, Inc.’s FY2022 Earnings (NASDAQ:CHRW)

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) – Stock analysts at KeyCorp lifted their FY2022 earnings estimates for C.H. Robinson Worldwide in a research report issued on Wednesday, April 27th. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings per share of $7.25 for the year, up from their previous forecast of $6.35. KeyCorp has a “Overweight” rating and a $125.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. Stephens upped their price target on shares of C.H. Robinson Worldwide from $110.00 to $115.00 in a research note on Friday, April 1st. Loop Capital cut their price objective on shares of C.H. Robinson Worldwide from $101.00 to $98.00 in a research report on Friday, February 4th. StockNews.com initiated coverage on shares of C.H. Robinson Worldwide in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley cut their price target on shares of C.H. Robinson Worldwide from $65.00 to $62.00 and set an “underweight” rating on the stock in a report on Thursday, February 3rd. Finally, Susquehanna Bancshares upped their price target on shares of C.H. Robinson Worldwide from $95.00 to $107.00 in a report on Thursday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and an average target price of $107.70.

C.H. Robinson Worldwide stock opened at $106.15 on Monday. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.90 and a beta of 0.77. The firm’s fifty day moving average is $102.97 and its 200 day moving average is $100.59. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.69. C.H. Robinson Worldwide has a 52-week low of $84.67 and a 52-week high of $112.15.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last released its earnings results on Wednesday, April 27th. The transportation company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.54 by $0.51. C.H. Robinson Worldwide had a net margin of 3.75% and a return on equity of 48.03%. During the same period in the prior year, the firm earned $1.28 EPS.

The company also recently declared a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Friday, March 4th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Thursday, March 3rd. C.H. Robinson Worldwide’s payout ratio is 31.07%.

Hedge funds have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System raised its position in shares of C.H. Robinson Worldwide by 1.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the transportation company’s stock valued at $846,000 after purchasing an additional 100 shares during the last quarter. IndexIQ Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 5.2% in the 3rd quarter. IndexIQ Advisors LLC now owns 2,258 shares of the transportation company’s stock valued at $196,000 after purchasing an additional 111 shares during the last quarter. Ellevest Inc. raised its position in shares of C.H. Robinson Worldwide by 67.6% in the 1st quarter. Ellevest Inc. now owns 290 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 117 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of C.H. Robinson Worldwide by 1.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,950 shares of the transportation company’s stock valued at $856,000 after purchasing an additional 134 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of C.H. Robinson Worldwide by 1.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 14,179 shares of the transportation company’s stock valued at $1,234,000 after purchasing an additional 139 shares during the last quarter. 92.29% of the stock is owned by institutional investors and hedge funds.

About C.H. Robinson Worldwide (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.

See Also

Earnings History and Estimates for C.H. Robinson Worldwide (NASDAQ:CHRW)

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