Traders Buy Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) on Weakness

Investors bought shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) on weakness during trading hours on Tuesday. $34.31 million flowed into the stock on the tick-up and $14.64 million flowed out of the stock on the tick-down, for a money net flow of $19.67 million into the stock. Of all companies tracked, C.H. Robinson Worldwide had the 28th highest net in-flow for the day. C.H. Robinson Worldwide traded down ($0.62) for the day and closed at $64.98

Several research firms have recently weighed in on CHRW. Deutsche Bank AG decreased their price objective on C.H. Robinson Worldwide from $80.00 to $75.00 and set a “hold” rating for the company in a report on Friday, April 28th. Barclays PLC restated a “hold” rating and set a $73.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Credit Suisse Group reiterated a “sell” rating and issued a $75.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, April 27th. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 price objective for the company in a research report on Friday, May 5th. Finally, BidaskClub raised C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $70.10.

The company has a 50-day moving average of $67.14 and a 200 day moving average of $72.14. The stock has a market capitalization of $9.37 billion, a P/E ratio of 19.58 and a beta of 0.44.

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

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.70%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.94%.

In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total value of $82,464.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.85% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. TrimTabs Asset Management LLC raised its position in shares of C.H. Robinson Worldwide by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,511 shares of the transportation company’s stock worth $117,000 after buying an additional 712 shares during the last quarter. IFP Advisors Inc increased its position in C.H. Robinson Worldwide by 4.8% in the first quarter. IFP Advisors Inc now owns 1,609 shares of the transportation company’s stock worth $124,000 after buying an additional 73 shares during the period. Van ECK Associates Corp increased its position in C.H. Robinson Worldwide by 6.6% in the first quarter. Van ECK Associates Corp now owns 2,561 shares of the transportation company’s stock worth $198,000 after buying an additional 159 shares during the period. Hollencrest Securities LLC bought a new position in C.H. Robinson Worldwide during the first quarter worth $200,000. Finally, IHT Wealth Management LLC increased its position in C.H. Robinson Worldwide by 3.5% in the first quarter. IHT Wealth Management LLC now owns 2,645 shares of the transportation company’s stock worth $202,000 after buying an additional 89 shares during the period. Hedge funds and other institutional investors own 90.70% of the company’s stock.

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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.

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