C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Cut to “Strong Sell” at BidaskClub

BidaskClub downgraded shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) from a sell rating to a strong sell rating in a report released on Tuesday, July 25th.

A number of other equities research analysts have also recently weighed in on the company. Deutsche Bank AG dropped their price target on C.H. Robinson Worldwide from $75.00 to $60.00 and set a hold rating on the stock in a research note on Friday, July 21st. Cowen and Company dropped their price target on C.H. Robinson Worldwide from $73.00 to $68.00 and set a market perform rating on the stock in a research note on Friday, July 21st. Barclays PLC restated a hold rating and issued a $67.00 price target (down previously from $73.00) on shares of C.H. Robinson Worldwide in a research note on Friday, July 21st. Bank of America Corporation dropped their price target on C.H. Robinson Worldwide from $70.00 to $60.00 and set an underperform rating on the stock in a research note on Thursday, July 20th. Finally, Stifel Nicolaus dropped their price target on C.H. Robinson Worldwide from $71.00 to $67.00 and set a hold rating on the stock in a research note on Thursday, July 20th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. C.H. Robinson Worldwide currently has a consensus rating of Hold and an average price target of $70.10.

Shares of C.H. Robinson Worldwide (NASDAQ CHRW) traded down 0.73% during midday trading on Tuesday, hitting $65.63. 1,289,588 shares of the stock were exchanged. The firm has a 50 day moving average of $67.14 and a 200 day moving average of $72.45. The firm has a market cap of $9.21 billion, a P/E ratio of 19.25 and a beta of 0.44. C.H. Robinson Worldwide has a 12-month low of $63.41 and a 12-month high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by $0.12. C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter last year, the company posted $1.00 EPS. The firm’s revenue was up 12.4% on a year-over-year basis. Equities analysts forecast that C.H. Robinson Worldwide will post $3.31 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.74%. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.94%.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of C.H. Robinson Worldwide by 1.8% in the second quarter. Vanguard Group Inc. now owns 15,399,851 shares of the transportation company’s stock valued at $1,057,661,000 after buying an additional 270,521 shares in the last quarter. BlackRock Inc. increased its stake in shares of C.H. Robinson Worldwide by 3.6% in the second quarter. BlackRock Inc. now owns 10,889,921 shares of the transportation company’s stock valued at $747,922,000 after buying an additional 377,726 shares in the last quarter. FMR LLC increased its stake in shares of C.H. Robinson Worldwide by 10.2% in the first quarter. FMR LLC now owns 5,091,485 shares of the transportation company’s stock valued at $393,521,000 after buying an additional 472,798 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of C.H. Robinson Worldwide by 8,008.8% in the second quarter. First Eagle Investment Management LLC now owns 4,208,490 shares of the transportation company’s stock valued at $289,039,000 after buying an additional 4,156,590 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of C.H. Robinson Worldwide by 12.6% in the second quarter. Bank of New York Mellon Corp now owns 3,485,754 shares of the transportation company’s stock valued at $239,401,000 after buying an additional 389,642 shares in the last quarter. Institutional investors and hedge funds own 87.34% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

Analyst Recommendations for C.H. Robinson Worldwide (NASDAQ:CHRW)

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