C.H. Robinson Worldwide Inc. (CHRW) Sees Strong Trading Volume
C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) saw strong trading volume on Thursday . 1,351,440 shares were traded during mid-day trading, a decline of 8% from the previous session’s volume of 1,469,755 shares.The stock last traded at $73.50 and had previously closed at $74.80.
A number of equities research analysts have issued reports on CHRW shares. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Stephens lowered 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. Morgan Stanley reissued a “sell” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, April 26th. Cowen and Company reissued a “market perform” rating and issued a $71.00 price target (up previously from $69.00) on shares of C.H. Robinson Worldwide in a report on Wednesday, April 27th. Finally, BB&T Corp. lowered 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. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus price target of $75.63.
The company has a market capitalization of $10.47 billion and a PE ratio of 20.31. The firm’s 50-day moving average is $73.49 and its 200-day moving average is $70.56.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The company earned $3.07 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the prior year, the business earned $0.73 EPS. The company’s quarterly revenue was down 6.9% on a year-over-year basis. Equities analysts anticipate that C.H. Robinson Worldwide Inc. will post $3.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Friday, June 3rd were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.34%. The ex-dividend date was Wednesday, June 1st.
In related news, VP Angela K. Freeman sold 2,200 shares of the firm’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $73.15, for a total value of $160,930.00. Following the transaction, the vice president now owns 26,995 shares of the company’s stock, valued at approximately $1,974,684.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jordan T. Kass sold 4,076 shares of the firm’s stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $70.90, for a total transaction of $288,988.40. Following the completion of the transaction, the insider now directly owns 25,698 shares in the company, valued at approximately $1,821,988.20. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently bought and sold shares of CHRW. Schroder Investment Management Group increased its position in C.H. Robinson Worldwide by 78.7% in the fourth quarter. Schroder Investment Management Group now owns 1,669,862 shares of the company’s stock valued at $103,565,000 after buying an additional 735,662 shares in the last quarter. Eaton Vance Management increased its position in C.H. Robinson Worldwide by 21.1% in the fourth quarter. Eaton Vance Management now owns 3,144,424 shares of the company’s stock valued at $195,017,000 after buying an additional 547,424 shares in the last quarter. Marshall Wace LLP bought a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $29,925,000. Vanguard Group Inc. increased its position in C.H. Robinson Worldwide by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 13,186,480 shares of the company’s stock valued at $817,825,000 after buying an additional 481,119 shares in the last quarter. Finally, Clarkston Capital Partners LLC increased its position in C.H. Robinson Worldwide by 80.2% in the fourth quarter. Clarkston Capital Partners LLC now owns 735,458 shares of the company’s stock valued at $45,613,000 after buying an additional 327,221 shares in the last quarter.
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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