C.H. Robinson Worldwide, Inc. (CHRW) Shares Gap Up to $75.45

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $73.16, but opened at $75.45. C.H. Robinson Worldwide shares last traded at $77.09, with a volume of 2,526,973 shares changing hands.

A number of equities analysts recently weighed in on the company. Bank of America Corporation raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their price objective for the company from $70.00 to $86.00 in a report on Tuesday. BMO Capital Markets cut C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $72.00 to $77.00 in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Barclays PLC raised their price objective on C.H. Robinson Worldwide from $67.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, October 2nd. KeyCorp reissued a “buy” rating and set a $78.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, September 26th. Finally, Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus target price of $74.53.

The firm has a market cap of $10.77 billion, a PE ratio of 22.49 and a beta of 0.42. The stock’s 50-day moving average is $73.18 and its 200-day moving average is $70.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12). The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.63 billion. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post $3.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.80 annualized dividend and a yield of 2.35%. C.H. Robinson Worldwide’s payout ratio is currently 52.94%.

In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.85% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in C.H. Robinson Worldwide by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 15,399,851 shares of the transportation company’s stock valued at $1,057,661,000 after acquiring an additional 270,521 shares in the last quarter. BlackRock Inc. boosted its position in C.H. Robinson Worldwide by 3.6% during the 2nd quarter. BlackRock Inc. now owns 10,889,921 shares of the transportation company’s stock valued at $747,922,000 after acquiring an additional 377,726 shares in the last quarter. Capital International Investors boosted its position in C.H. Robinson Worldwide by 5.7% during the 2nd quarter. Capital International Investors now owns 8,678,462 shares of the transportation company’s stock valued at $596,037,000 after acquiring an additional 469,829 shares in the last quarter. First Eagle Investment Management LLC boosted its position in C.H. Robinson Worldwide by 8,008.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 4,208,490 shares of the transportation company’s stock valued at $289,039,000 after acquiring an additional 4,156,590 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in C.H. Robinson Worldwide by 12.6% during the 2nd 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 acquiring an additional 389,642 shares in the last quarter. 90.10% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “C.H. Robinson Worldwide, Inc. (CHRW) Shares Gap Up to $75.45” was published by Markets Daily and is owned by of Markets Daily. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.themarketsdaily.com/2017/10/12/c-h-robinson-worldwide-inc-chrw-shares-gap-up-to-75-45.html.

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.

Receive News & Ratings for C.H. Robinson Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply