C.H. Robinson Worldwide Inc. (CHRW) Rating Lowered to Hold at Vetr Inc.
C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Monday. They currently have a $73.30 price objective on the stock. Vetr‘s price target points to a potential upside of 3.39% from the company’s previous close.
Other analysts have also issued reports about the stock. Royal Bank Of Canada lowered their price objective 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. BMO Capital Markets reaffirmed a “hold” rating and set a $71.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, July 28th. Zacks Investment Research downgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. RBC Capital Markets reaffirmed an “outperform” rating and set a $76.00 target price (down previously from $80.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 28th. Finally, Citigroup Inc. downgraded shares of C.H. Robinson Worldwide to a “market perform” rating in a research note on Monday, July 18th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $75.08.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.80% during trading on Monday, reaching $70.90. The company had a trading volume of 1,023,999 shares. The firm’s 50 day moving average price is $69.46 and its 200 day moving average price is $71.65. The firm has a market capitalization of $10.12 billion, a PE ratio of 19.31 and a beta of 0.28. C.H. Robinson Worldwide has a 12-month low of $59.71 and a 12-month high of $76.10.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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. C.H. Robinson Worldwide had a net margin of 4.06% and a return on equity of 44.60%. The business earned $3.30 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same period last year, the business posted $0.94 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities research analysts forecast that C.H. Robinson Worldwide will post $3.69 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Wednesday, August 31st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 46.87%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bath Savings Trust Co boosted its position in C.H. Robinson Worldwide by 4.8% in the third quarter. Bath Savings Trust Co now owns 16,454 shares of the company’s stock worth $1,160,000 after buying an additional 760 shares during the period. Macquarie Group Ltd. boosted its position in C.H. Robinson Worldwide by 43.8% in the second quarter. Macquarie Group Ltd. now owns 4,600 shares of the company’s stock worth $342,000 after buying an additional 1,400 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in C.H. Robinson Worldwide during the second quarter worth $428,000. Kentucky Retirement Systems purchased a new position in C.H. Robinson Worldwide during the second quarter worth $901,000. Finally, Mason Street Advisors LLC purchased a new position in C.H. Robinson Worldwide during the second quarter worth $1,428,000. Institutional investors own 82.44% of the company’s stock.
C.H. Robinson Worldwide Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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