C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Crosses Above 50 Day Moving Average of $82.75

C.H. Robinson Worldwide Inc (NASDAQ:CHRW) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $82.75 and traded as high as $84.35. C.H. Robinson Worldwide shares last traded at $83.95, with a volume of 21,087 shares trading hands.

Several equities research analysts have recently commented on the company. UBS Group downgraded Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a report on Wednesday, May 1st. They noted that the move was a valuation call. Morgan Stanley set a $36.00 target price on ArcBest and gave the company a “hold” rating in a report on Monday, July 8th. Citigroup downgraded BCE from a “buy” rating to a “neutral” rating in a report on Thursday, May 2nd. Barclays reduced their target price on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, April 4th. Finally, Stifel Nicolaus set a $95.00 target price on C.H. Robinson Worldwide and gave the company a “buy” rating in a report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus price target of $93.71.

The firm has a market capitalization of $11.42 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.89 and a beta of 0.63. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.81. The stock’s 50-day simple moving average is $82.85.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, April 30th. The transportation company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.02. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.98 billion. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. C.H. Robinson Worldwide’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share. As a group, equities research analysts expect that C.H. Robinson Worldwide Inc will post 4.91 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.39%. The ex-dividend date was Thursday, June 6th. C.H. Robinson Worldwide’s payout ratio is 42.28%.

In other news, CEO Robert C. Biesterfeld, Jr. bought 1,202 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were bought at an average cost of $83.18 per share, with a total value of $99,982.36. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.65% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in C.H. Robinson Worldwide by 17.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 754,277 shares of the transportation company’s stock valued at $63,424,000 after purchasing an additional 110,940 shares during the period. Geode Capital Management LLC increased its position in C.H. Robinson Worldwide by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 2,077,841 shares of the transportation company’s stock valued at $174,463,000 after purchasing an additional 102,227 shares during the period. Mackay Shields LLC increased its position in C.H. Robinson Worldwide by 46.2% during the 4th quarter. Mackay Shields LLC now owns 32,305 shares of the transportation company’s stock valued at $2,717,000 after purchasing an additional 10,207 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $1,008,000. Finally, Legal & General Group Plc increased its position in C.H. Robinson Worldwide by 4.8% during the 4th quarter. Legal & General Group Plc now owns 857,868 shares of the transportation company’s stock valued at $72,121,000 after purchasing an additional 39,046 shares during the period. 85.80% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Company Profile (NASDAQ:CHRW)

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

See Also: Return on Investment (ROI)

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