C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) – Investment analysts at William Blair lifted their FY2016 earnings per share estimates for shares of C.H. Robinson Worldwide in a note issued to investors on Tuesday. William Blair analyst N. Brochmann now anticipates that the firm will post earnings of $3.78 per share for the year, up from their prior estimate of $3.76.
CHRW has been the topic of several other research reports. Wolfe Research lowered C.H. Robinson Worldwide from an “outperform” rating to a “hold” rating in a report on Friday, April 1st. KeyCorp upgraded shares of C.H. Robinson Worldwide from a “sector weight” rating to an “overweight” rating and set a $82.00 target price for the company in a research note on Thursday, April 14th. Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Tuesday, April 5th. JPMorgan Chase & Co. started coverage on shares of C.H. Robinson Worldwide in a research note on Monday, July 11th. They set an “underweight” rating and a $66.00 target price for the company. Finally, Buckingham Research increased their target price on shares of C.H. Robinson Worldwide from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, April 21st. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and an average price target of $75.17.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.95% during mid-day trading on Thursday, hitting $69.00. 948,740 shares of the stock were exchanged. The company has a market capitalization of $9.87 billion and a PE ratio of 18.80. C.H. Robinson Worldwide has a 1-year low of $59.71 and a 1-year high of $76.10. The stock has a 50 day moving average price of $72.57 and a 200 day moving average price of $71.40.
An institutional investor recently raised its position in C.H. Robinson Worldwide stock. Nationwide Fund Advisors boosted its stake in C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,539 shares of the company’s stock after buying an additional 676 shares during the period. Nationwide Fund Advisors’ holdings in C.H. Robinson Worldwide were worth $2,638,000 at the end of the most recent quarter.
In other C.H. Robinson Worldwide news, insider Jordan T. Kass sold 4,076 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $70.90, for a total value of $288,988.40. Following the completion of the sale, the insider now directly owns 25,698 shares of the company’s stock, valued at approximately $1,821,988.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert C. Biesterfeld, Jr. sold 2,405 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $72.65, for a total transaction of $174,723.25. Following the completion of the sale, the insider now directly owns 10,019 shares of the company’s stock, valued at $727,880.35. The disclosure for this sale can be found here.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.52%.
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.
