C.H. Robinson Worldwide (NASDAQ:CHRW) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRWFree Report) in a report issued on Friday, Marketbeat reports. The firm issued an equal weight rating and a $94.00 price objective on the transportation company’s stock.

CHRW has been the topic of several other reports. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a report on Thursday, April 11th. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a market perform rating in a research note on Friday, May 3rd. Barclays upped their price target on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an underweight rating in a research note on Thursday, May 2nd. BNP Paribas reaffirmed a neutral rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Finally, Susquehanna upped their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a neutral rating in a research note on Thursday, May 2nd. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $84.56.

View Our Latest Stock Analysis on C.H. Robinson Worldwide

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $86.98 on Friday. The company has a market cap of $10.19 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 2.59 and a beta of 0.81. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $100.88. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. The company’s fifty day moving average is $77.87 and its two-hundred day moving average is $79.47.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year. Equities analysts expect that C.H. Robinson Worldwide will post 3.59 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 96.44%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of hedge funds have recently bought and sold shares of CHRW. WealthPlan Investment Management LLC boosted its holdings in C.H. Robinson Worldwide by 414.7% during the third quarter. WealthPlan Investment Management LLC now owns 2,805 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 2,260 shares during the period. Amalgamated Bank boosted its holdings in C.H. Robinson Worldwide by 0.8% during the third quarter. Amalgamated Bank now owns 32,168 shares of the transportation company’s stock valued at $2,771,000 after acquiring an additional 247 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of C.H. Robinson Worldwide by 1.6% in the third quarter. Janney Montgomery Scott LLC now owns 101,113 shares of the transportation company’s stock valued at $8,709,000 after buying an additional 1,552 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of C.H. Robinson Worldwide by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,024,235 shares of the transportation company’s stock valued at $88,217,000 after buying an additional 27,377 shares during the period. Finally, Shell Asset Management Co. lifted its stake in shares of C.H. Robinson Worldwide by 37.6% in the third quarter. Shell Asset Management Co. now owns 11,656 shares of the transportation company’s stock valued at $1,004,000 after buying an additional 3,185 shares during the period. 93.15% of the stock is currently owned by institutional investors.

About C.H. Robinson Worldwide

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C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company 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 comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating 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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