C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) to Post FY2022 Earnings of $8.10 Per Share, KeyCorp Forecasts

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) – Equities researchers at KeyCorp lowered their FY2022 earnings per share (EPS) estimates for C.H. Robinson Worldwide in a research report issued on Wednesday, November 2nd. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $8.10 for the year, down from their prior forecast of $8.75. KeyCorp currently has a “Overweight” rating and a $120.00 target price on the stock. The consensus estimate for C.H. Robinson Worldwide’s current full-year earnings is $8.50 per share. KeyCorp also issued estimates for C.H. Robinson Worldwide’s Q4 2022 earnings at $1.58 EPS and FY2023 earnings at $6.65 EPS.

A number of other brokerages have also recently weighed in on CHRW. Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, October 14th. Morgan Stanley cut their price target on C.H. Robinson Worldwide from $67.00 to $66.00 and set an “underweight” rating for the company in a report on Friday. Citigroup decreased their price objective on C.H. Robinson Worldwide from $107.00 to $94.00 and set a “neutral” rating on the stock in a research note on Thursday. UBS Group cut their target price on shares of C.H. Robinson Worldwide from $97.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Barclays lowered their price target on shares of C.H. Robinson Worldwide from $100.00 to $96.00 and set an “equal weight” rating for the company in a report on Thursday, October 13th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $106.67.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $89.97 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.48 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $11.15 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 1.14 and a beta of 0.76. The firm has a 50-day moving average price of $101.31 and a two-hundred day moving average price of $104.39. C.H. Robinson Worldwide has a twelve month low of $86.57 and a twelve month high of $121.23.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently modified their holdings of the stock. Commerce Bank lifted its position in C.H. Robinson Worldwide by 2.5% during the 3rd quarter. Commerce Bank now owns 36,927 shares of the transportation company’s stock worth $3,557,000 after acquiring an additional 897 shares in the last quarter. Empirical Finance LLC raised its stake in shares of C.H. Robinson Worldwide by 19.1% during the third quarter. Empirical Finance LLC now owns 3,212 shares of the transportation company’s stock valued at $309,000 after purchasing an additional 514 shares during the period. Foyston Gordon & Payne Inc lifted its position in shares of C.H. Robinson Worldwide by 67.4% during the third quarter. Foyston Gordon & Payne Inc now owns 87,565 shares of the transportation company’s stock worth $8,433,000 after purchasing an additional 35,264 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 0.6% in the third quarter. Asset Management One Co. Ltd. now owns 52,417 shares of the transportation company’s stock valued at $5,048,000 after purchasing an additional 289 shares during the period. Finally, Ieq Capital LLC grew its holdings in C.H. Robinson Worldwide by 20.1% during the 3rd quarter. Ieq Capital LLC now owns 5,896 shares of the transportation company’s stock valued at $568,000 after purchasing an additional 985 shares in the last quarter. Hedge funds and other institutional investors own 92.16% of the company’s stock.

Insiders Place Their Bets

In related news, insider Angela K. Freeman sold 28,586 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $117.10, for a total transaction of $3,347,420.60. Following the completion of the sale, the insider now owns 54,520 shares of the company’s stock, valued at approximately $6,384,292. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 28,586 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $117.10, for a total transaction of $3,347,420.60. Following the completion of the sale, the insider now directly owns 54,520 shares in the company, valued at $6,384,292. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael D. Castagnetto sold 3,046 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $120.00, for a total transaction of $365,520.00. Following the completion of the sale, the insider now directly owns 20,060 shares of the company’s stock, valued at approximately $2,407,200. The disclosure for this sale can be found here. 1.64% of the stock is currently owned by insiders.

About C.H. Robinson Worldwide

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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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