C.H. Robinson Worldwide (NASDAQ:CHRW) Research Coverage Started at Citizens Jmp

Citizens Jmp started coverage on shares of C.H. Robinson Worldwide (NASDAQ:CHRW) in a report released on Wednesday, MarketBeat reports. The brokerage issued a market perform rating and a $235.00 price target on the transportation company’s stock.

A number of other analysts have also issued reports on the company. Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Raymond James Financial reduced their target price on C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a report on Thursday, July 2nd. BMO Capital Markets upped their price target on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Finally, Wells Fargo & Company increased their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $198.62.

C.H. Robinson Worldwide Trading Up 1.3%

Shares of CHRW stock opened at $208.50 on Wednesday. The company’s fifty day simple moving average is $183.71 and its two-hundred day simple moving average is $179.35. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. C.H. Robinson Worldwide has a 1 year low of $96.27 and a 1 year high of $208.83. The stock has a market capitalization of $24.58 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 1.77 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. As a group, analysts anticipate that C.H. Robinson Worldwide will post 6.11 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Jackson Hole Trust bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth $25,000. Millstone Evans Group LLC lifted its holdings in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. DV Equities LLC purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth $27,000. Cornerstone Planning Group LLC grew its position in C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after acquiring an additional 67 shares in the last quarter. Finally, Bayban bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

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.