Traders Sell C.H. Robinson Worldwide Inc. (CHRW) on Strength (CHRW)
Investors sold shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) on strength during trading on Wednesday. $8.94 million flowed into the stock on the tick-up and $24.82 million flowed out of the stock on the tick-down, for a money net flow of $15.88 million out of the stock. Of all equities tracked, C.H. Robinson Worldwide had the 0th highest net out-flow for the day. C.H. Robinson Worldwide traded up $0.25 for the day and closed at $69.65
Several equities analysts have weighed in on the stock. BB&T Corp. downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. They noted that the move was a valuation call. Cowen and Company reaffirmed a “market perform” rating and set a $71.00 price target (up previously from $69.00) on shares of C.H. Robinson Worldwide in a report on Wednesday, April 27th. Stephens downgraded shares of C.H. Robinson Worldwide from an “overweight” rating to an “equal weight” rating and set a $76.00 price target on the stock. in a report on Thursday, April 28th. Zacks Investment Research downgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Finally, JPMorgan Chase & Co. assumed coverage on shares of C.H. Robinson Worldwide in a report on Monday, July 11th. They set an “underweight” rating and a $66.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $75.17.
The stock has a market cap of $9.94 billion and a price-to-earnings ratio of 18.97. The firm’s 50-day moving average price is $70.50 and its 200-day moving average price is $72.10.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.00 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. The company earned $3.30 billion during the quarter, compared to analysts’ expectations of $3.42 billion. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 EPS. On average, equities analysts expect that C.H. Robinson Worldwide Inc. will post $3.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be given a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.72 annualized dividend and a yield of 2.47%.
Several hedge funds and institutional investors have made changes to their positions in the stock. Employees Retirement System of Texas raised its position in shares of C.H. Robinson Worldwide by 660.0% in the fourth quarter. Employees Retirement System of Texas now owns 38,000 shares of the company’s stock worth $2,357,000 after buying an additional 33,000 shares during the period. Matarin Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $3,207,000. Finally, Principal Financial Group Inc. raised its position in shares of C.H. Robinson Worldwide by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 219,686 shares of the company’s stock worth $13,625,000 after buying an additional 6,616 shares during the period.
C.H. Robinson Worldwide, Inc (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers.
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