C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a hold rating to a buy rating in a research report report published on Saturday morning.

CHRW has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price target on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Raymond James Financial decreased their target price on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a research note on Thursday, July 2nd. Finally, BMO Capital Markets raised their price target on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.46.

C.H. Robinson Worldwide Stock Down 6.5%

Shares of NASDAQ CHRW opened at $174.46 on Friday. The stock has a fifty day moving average price of $187.62 and a 200 day moving average price of $180.92. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide has a 12-month low of $96.89 and a 12-month high of $210.33. The company has a market cap of $20.56 billion, a P/E ratio of 35.32, a P/E/G ratio of 1.60 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Research analysts anticipate that C.H. Robinson Worldwide will post 6.12 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently made changes to their positions in CHRW. Vanguard Group Inc. increased its stake in shares of C.H. Robinson Worldwide by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock worth $2,341,535,000 after buying an additional 364,163 shares during the last quarter. State Street Corp boosted its stake in C.H. Robinson Worldwide by 5.7% during the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after acquiring an additional 397,177 shares during the last quarter. Wellington Management Group LLP grew its holdings in C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after acquiring an additional 4,751,034 shares in the last quarter. Boston Partners increased its position in shares of C.H. Robinson Worldwide by 6.1% in the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after purchasing an additional 213,245 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $579,922,000. 93.15% of the stock is owned by institutional investors and hedge funds.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.