C.H. Robinson Worldwide Inc. (CHRW) Stock Price Up 3.2%
C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) shares rose 3.2% during mid-day trading on Thursday . The stock traded as high as $71.81 and last traded at $71.61, with a volume of 2,321,105 shares changing hands. The stock had previously closed at $69.42.
CHRW has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of C.H. Robinson Worldwide in a report on Monday, July 11th. They issued an “underweight” rating and a $66.00 target price for the company. Barclays PLC lowered their target price on shares of C.H. Robinson Worldwide from $81.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. BMO Capital Markets restated a “hold” rating and issued a $71.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, July 28th. Raymond James Financial Inc. restated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Monday, July 18th. Finally, Royal Bank Of Canada lowered their target price on shares of C.H. Robinson Worldwide from $80.00 to $76.00 and set an “outperform” rating for the company in a report on Thursday, July 28th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.17.
The company has a market cap of $10.14 billion and a price-to-earnings ratio of 19.35. The firm has a 50-day moving average price of $69.92 and a 200-day moving average price of $72.09.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.00 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.00. During the same period in the previous year, the business posted $0.94 EPS. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.42 billion. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities analysts predict that C.H. Robinson Worldwide Inc. will post $3.69 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Wednesday, August 31st.
A hedge fund recently raised its stake in C.H. Robinson Worldwide stock. Principal Financial Group Inc. raised its position in C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,686 shares of the company’s stock after buying an additional 6,616 shares during the period. Principal Financial Group Inc. owned about 0.15% of C.H. Robinson Worldwide worth $13,625,000 at the end of the most recent reporting 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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