C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded at StockNews.com

StockNews.com upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a sell rating to a hold rating in a report issued on Friday morning.

Other analysts have also issued reports about the company. TD Cowen boosted their target price on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a hold rating in a research report on Thursday. Bank of America decreased their price objective on C.H. Robinson Worldwide from $70.00 to $68.00 and set an underperform rating for the company in a report on Monday, April 15th. BMO Capital Markets increased their target price on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a market perform rating in a report on Friday. Barclays lifted their price target on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an underweight rating in a research report on Thursday. Finally, Wells Fargo & Company lowered their price target on C.H. Robinson Worldwide from $80.00 to $70.00 and set an underweight rating for the company in a research report on Thursday, February 1st. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of Hold and a consensus target price of $82.60.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $81.20 on Friday. The firm has a 50 day moving average of $72.85 and a 200-day moving average of $79.10. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 4.17 and a beta of 0.75. The company has a quick ratio of 1.40, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide has a 52 week low of $65.00 and a 52 week high of $105.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the company posted $0.98 earnings per share. The business’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities analysts forecast that C.H. Robinson Worldwide will post 3.4 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $0.61 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.44 annualized dividend and a yield of 3.00%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 96.44%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of C.H. Robinson Worldwide by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 14,038,084 shares of the transportation company’s stock valued at $1,212,750,000 after buying an additional 174,041 shares in the last quarter. First Eagle Investment Management LLC grew its position in C.H. Robinson Worldwide by 0.6% during the fourth quarter. First Eagle Investment Management LLC now owns 9,482,897 shares of the transportation company’s stock valued at $819,227,000 after acquiring an additional 59,016 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of C.H. Robinson Worldwide by 13,682.5% during the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after acquiring an additional 2,643,193 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of C.H. Robinson Worldwide by 15.0% in the 3rd quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock worth $184,985,000 after acquiring an additional 280,177 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of C.H. Robinson Worldwide by 4.1% in the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock valued at $151,689,000 after purchasing an additional 68,491 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.