Traders Purchase C.H. Robinson Worldwide On Weak Point (CHRW)

March 13, 2015 Nemes Worldwide News

Investors bought shares of CH Robinson Worldwide (NASDAQ: CHRW) on weak point during trading on Monday, StockRatingsNetwork reports. $43.10 million flowed into the stock on the tick-up and $17.43 million floweddrained of the stock on the tick-down, for a money web circulation of $25.67 million into the stock. Of all equities tracked, CH Robinson Worldwide had the 11th highest net in-flow for the day. CH Robinson Worldwide traded down ($0.70) for the day and closed at $73.60.

A variety of experts have actually recently weighed in on CHRW shares. Analysts at RBC Capital decreased their price target on shares of CH Robinson Worldwide from $80.00 to $74.00 and set a sector perform score on the stock in a research note on Thursday, February 5th. Experts at BBT Corp. downgraded shares of CH Robinson Worldwide from a buy score to a hold rating and set a $80.00 rate target on the stock in a research study note on Wednesday, February 4th. They noted that the step was an assessment call. Analysts at Deutsche Bank reiterated a hold rating and set a $75.00 rate target (up previously from $71.00) on shares of CH Robinson Worldwide in a research study note on Thursday, January 15th. Lastly, experts at Barclays updated shares of CH Robinson Worldwide from an equal weight rating to an obese score and raised their rate target for the stock from $70.00 to $80.00 in a research study note on Monday, January 12th. 2 financial investment analysts have ranked the stock with a sell score, fourteen have released a hold score and 4 have released a buy score to the company. CH Robinson Worldwide has an agreement rating of Hold and a consensus target price of $72.23.

The stocks 50-day moving average is $72.76 and its 200-day moving average is $70.81. The business has a market cap of $10.735 billion and a price-to-earnings ratio of 24.36.

CH Robinson Worldwide (NASDAQ: CHRW) last launched its earnings data on Tuesday, February 3rd. The business reported $0.77 revenues per share (EPS) for the quarter, beating the agreement quote of $0.76 by $0.01. The company had earnings of $3.36 billion for the quarter, compared with the agreement quote of $3.33 billion. During the very same quarter in the previous year, the company posted $0.62 earnings per share. The business revenue for the quarter was up 6.5 % on a year-over-year basis. Experts expect that CH Robinson Worldwide will certainly publish $3.42 EPS for the existing financial year.

The company likewise recently stated a quarterly dividend, which will certainly be paid on Tuesday, March 31st. Shareholders of record on Friday, March Sixth will be offered a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.07 %. The ex-dividend date of this dividend is Wednesday, March 4th.

In other CH Robinson Worldwide news, SVP Scott Satterlee offered 5,916 shares of the business stock on the free market in a deal dated Thursday, February 19th. The stock was sold at an average cost of $71.92, for an overall deal of $425,478.72. The deal was revealed in a file submitted with the SEC, which is offered at this link.

CH Robinson Worldwide, Inc (NASDAQ: CHRW) is a 3rd partya 3rd party logistics company. The Company provides freight transportation services and logistics options to business of all sizes, in a range of markets. The Company operates through a network of 276 offices, which the Company calls branches, in North America, Europe, Asia, South America, and Australia.

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