C.H. Robinson Worldwide (NASDAQ:CHRW – Free Report) had its price objective lowered by JPMorgan Chase & Co. from $225.00 to $198.00 in a research note published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.
A number of other research firms have also recently weighed in on CHRW. Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and cut their price target for the company from $196.00 to $185.00 in a research note on Tuesday, September 8th. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, September 28th. Finally, Evercore reaffirmed an “outperform” rating and issued a $237.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.40.
Check Out Our Latest Analysis on C.H. Robinson Worldwide
C.H. Robinson Worldwide Stock Performance
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.29 EPS. On average, analysts predict that C.H. Robinson Worldwide will post 6.2 earnings per share for the current fiscal year.
C.H. Robinson Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.9%. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in CHRW. Burkett Financial Services LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $25,000. Millstone Evans Group LLC raised its stake in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after buying an additional 71 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $27,000. NBH Bank purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC grew its holdings in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after acquiring an additional 67 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.
Key C.H. Robinson Worldwide News
Here are the key news stories impacting C.H. Robinson Worldwide this week:
- Positive Sentiment: RXO acquisition could strengthen the business: C.H. Robinson agreed to acquire logistics company RXO for approximately $5.8 billion. The transaction is expected to expand CHRW’s logistics network, improve its technology and artificial-intelligence capabilities, and generate roughly $300 million in cost synergies. CH Robinson to Buy Logistics Firm RXO in $5.8 Billion Deal
- Positive Sentiment: Potential earnings beat: Zacks said CHRW has a strong history of exceeding analyst estimates and currently has the key factors that could support another quarterly earnings surprise. A beat could help restore investor confidence following the recent weakness in the shares. Will C.H. Robinson Beat Estimates Again?
- Positive Sentiment: Analyst valuation remains favorable: Brokerages reportedly have a consensus price target of $196.64, substantially above the recent trading level, suggesting analysts see meaningful longer-term upside. C.H. Robinson Consensus Price Target
- Neutral Sentiment: Industry consolidation is accelerating: CEO Dave Bozeman expects additional freight-broker consolidation as higher diesel costs pressure smaller operators. This could create acquisition opportunities for CHRW but also reflects challenging conditions across the transportation market. C.H. Robinson CEO Sees Freight Broker Consolidation
- Negative Sentiment: Investors remain concerned about the RXO transaction: Commentary questioning whether the acquisition is a shortcut to value highlights risks from the $5.8 billion price, execution challenges, financing and the time required to realize synergies. Those concerns have contributed to recent weakness in CHRW shares. C.H. Robinson: RXO Is No Shortcut To Value
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.
Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.
Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.
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