C.H. Robinson Worldwide, Inc. (CHRW) has experienced considerable changes in stock positioning across several investment groups. While Russell Investments Group Ltd., SG Americas Securities LLC, and Others have reduced their positions in CHRW, Intech Investment Management LLC, Mitsubishi UFJ Asset Management Co. Ltd, State Administration of Florida Retirement System, Norden Group LLC, and others have increased their share. There are concerns about the challenging times ahead for the company, noted in its Returns on Capital. Despite underperforming against some competitors on a few occasions, its stock has outperformed on other days. The company has raised dividends and started paying $0.61, fueling optimism among traders. Its Q1 2024 earnings had mixed reviews with good results but ongoing challenges. The appointment of a new CFO and the subsequent corporate reorganisation have been notable developments. However, continued underperformance has seen a large chunk of the US sales team cut. Its Q4 earnings declined visibly. However, the company is still expected to have a neutral to positive outlook amidst strategic adjustments, evident from JPMorgan's upgrade. Finally, while concerns remain over future dividend sustainability, some believe CHRW's future to be profitable.
CH Robinson Worldwide CHRW News Analytics from Mon, 18 Dec 2023 14:21:04 GMT to Sun, 21 Jul 2024 12:18:50 GMT -
Rating 2
- Innovation -3
- Information 4
- Rumor -1
