5 hours Ago By Defense World Staff
C.H. Robinson Worldwide ( NASDAQ:CHRW – Free Report ) had its price target cut by Raymond James from $123.
00 to $118.00 in a research note released on Thursday, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.
Several other research analysts have also commented on CHRW. Wells Fargo & Company upgraded C.H.
Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $118.00 to $130.00 in a research report on Monday, December 9th.
Barclays lifted their target price on C.H. Robinson Worldwide from $95.
00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. UBS Group raised shares of C.
H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $140.
00 in a research report on Friday, October 4th. Evercore ISI raised their price objective on shares of C.H.
Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd.
Finally, Stifel Nicolaus upped their target price on shares of C.H. Robinson Worldwide from $112.
00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock.
According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.
33. Read Our Latest Research Report on C.H.
Robinson Worldwide C.H. Robinson Worldwide Trading Down 0.
9 % C.H. Robinson Worldwide ( NASDAQ:CHRW – Get Free Report ) last announced its quarterly earnings results on Wednesday, January 29th.
The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.10 by $0.
11. C.H.
Robinson Worldwide had a return on equity of 35.64% and a net margin of 2.63%.
On average, sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.
82 EPS for the current fiscal year. C.H.
Robinson Worldwide Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a $0.62 dividend.
This represents a $2.48 annualized dividend and a dividend yield of 2.49%.
The ex-dividend date of this dividend was Friday, December 6th. C.H.
Robinson Worldwide’s payout ratio is 64.42%. Insider Activity at C.
H. Robinson Worldwide In other news, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st.
The shares were sold at an average price of $103.81, for a total transaction of $210,941.92.
Following the transaction, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. This trade represents a 5.
57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Also, insider Michael John Short sold 10,408 shares of C.
H. Robinson Worldwide stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.
87, for a total transaction of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.
41. The trade was a 12.79 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders own 1.47% of the company’s stock.
Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently bought and sold shares of CHRW. Venturi Wealth Management LLC boosted its stake in shares of C.H.
Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after buying an additional 111 shares during the period.
Missouri Trust & Investment Co purchased a new stake in C.H. Robinson Worldwide during the 4th quarter valued at approximately $41,000.
Quarry LP lifted its position in C.H. Robinson Worldwide by 76.
7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after acquiring an additional 171 shares during the period. Brooklyn Investment Group grew its stake in shares of C.
H. Robinson Worldwide by 213.5% in the 4th quarter.
Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 316 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of C.H.
Robinson Worldwide in the fourth quarter valued at approximately $52,000. 93.15% of the stock is owned by hedge funds and other institutional investors.
C.H. Robinson Worldwide Company Profile ( Get Free Report ) 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. Featured Articles Five stocks we like better than C.H.
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