C.H. Robinson Worldwide (NASDAQ:CHRW) Rating Increased to Buy 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 note published on Saturday morning.

A number of other analysts have also recently weighed in on CHRW. Raymond James Financial set a $210.00 price target on C.H. Robinson Worldwide in a research note on Thursday, April 30th. BMO Capital Markets reaffirmed a “market perform” rating and set a $180.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Wells Fargo & Company raised their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. UBS Group set a $160.00 price objective on C.H. Robinson Worldwide in a report on Thursday, January 29th. Finally, Weiss Ratings raised C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Seventeen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.27.

C.H. Robinson Worldwide Stock Up 2.4%

Shares of NASDAQ CHRW opened at $163.59 on Friday. The stock has a market cap of $19.28 billion, a P/E ratio of 33.12, a PEG ratio of 1.63 and a beta of 0.94. 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 $92.36 and a 12-month high of $203.34. The business’s fifty day simple moving average is $172.66 and its 200-day simple moving average is $169.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the firm earned $1.17 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down .9% on a year-over-year basis. As a group, equities analysts predict that C.H. Robinson Worldwide will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantinno Capital Management LP grew its holdings in shares of C.H. Robinson Worldwide by 38.1% during the first quarter. Quantinno Capital Management LP now owns 132,259 shares of the transportation company’s stock worth $21,964,000 after buying an additional 36,468 shares during the last quarter. Gateway Wealth Partners LLC purchased a new position in shares of C.H. Robinson Worldwide during the first quarter worth about $296,000. OMERS ADMINISTRATION Corp grew its holdings in shares of C.H. Robinson Worldwide by 196.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 12,409 shares of the transportation company’s stock worth $2,061,000 after buying an additional 8,227 shares during the last quarter. Lombard Odier Asset Management Switzerland SA purchased a new position in shares of C.H. Robinson Worldwide during the first quarter worth about $719,000. Finally, Epoch Investment Partners Inc. grew its holdings in shares of C.H. Robinson Worldwide by 173.7% during the first quarter. Epoch Investment Partners Inc. now owns 383,223 shares of the transportation company’s stock worth $63,642,000 after buying an additional 243,207 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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.