C.H. Robinson Worldwide (NASDAQ:CHRW) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a buy rating to a hold rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

Several other equities research analysts have also issued reports on the stock. Evercore reaffirmed an “outperform” rating and issued a $237.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Susquehanna raised their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. Citizens Jmp assumed coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target for the company. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Finally, Raymond James Financial set a $192.00 price objective on C.H. Robinson Worldwide in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $196.56.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $149.56 on Friday. The firm has a fifty day moving average of $159.10 and a 200-day moving average of $171.40. C.H. Robinson Worldwide has a 52-week low of $123.64 and a 52-week high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $17.48 billion, a P/E ratio of 28.54, a PEG ratio of 1.29 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.C.H. Robinson Worldwide’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 EPS. As a group, analysts predict that C.H. Robinson Worldwide will post 6.18 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. C.H. Robinson Worldwide’s dividend payout ratio is 48.09%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of CHRW. Continuum Advisory LLC bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $27,000. NBH Bank acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter worth $29,000. Millstone Evans Group LLC raised its holdings in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after purchasing an additional 67 shares during the last quarter. Finally, Bayban acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.