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 report issued on Saturday.

Other analysts have also recently issued reports about the company. Susquehanna boosted their price objective on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Barclays raised their target price on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Truist Financial lifted their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target for the company. Finally, Bank of America cut their price objective on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $199.46.

C.H. Robinson Worldwide Stock Down 9.2%

Shares of CHRW opened at $186.51 on Friday. The business’s fifty day moving average price is $187.53 and its two-hundred day moving average price is $180.77. The firm has a market capitalization of $21.98 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 1.60 and a beta of 0.91. C.H. Robinson Worldwide has a 52 week low of $96.89 and a 52 week high of $210.33. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide will post 6.12 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake 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 purchasing an additional 4,751,034 shares in the last quarter. WCM Investment Management LLC bought a new position in C.H. Robinson Worldwide in the first quarter valued at approximately $579,922,000. Auto Owners Insurance Co lifted its stake in C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after buying an additional 1,501,744 shares in the last quarter. Norges Bank acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $236,665,000. Finally, Capital World Investors acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $165,976,000. Institutional investors and hedge funds 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.