C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded to Buy at Vertical Research

Vertical Research upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a sell rating to a buy rating in a research report report published on Tuesday, MarketBeat Ratings reports. The brokerage currently has $102.00 price target on the transportation company’s stock.

Other equities analysts have also issued research reports about the stock. BNP Paribas restated a neutral rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a market perform rating in a research report on Friday, May 3rd. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a research report on Thursday, April 11th. TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a hold rating in a research report on Thursday, May 2nd. Finally, Baird R W upgraded shares of C.H. Robinson Worldwide to a hold rating in a research report on Wednesday, July 3rd. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $87.06.

C.H. Robinson Worldwide Stock Up 0.5 %

Shares of NASDAQ:CHRW opened at $86.76 on Tuesday. The company’s fifty day moving average is $85.44 and its two-hundred day moving average is $79.91. The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 2.52 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 1.37. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.60 by $0.26. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Equities analysts anticipate that C.H. Robinson Worldwide will post 3.61 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.44 annualized dividend and a dividend yield of 2.81%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 96.44%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several large investors have recently made changes to their positions in CHRW. Cascade Investment Advisors Inc. lifted its stake in C.H. Robinson Worldwide by 10.4% during the first quarter. Cascade Investment Advisors Inc. now owns 15,350 shares of the transportation company’s stock valued at $1,169,000 after buying an additional 1,450 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $2,960,000. GSA Capital Partners LLP lifted its stake in C.H. Robinson Worldwide by 8.8% during the third quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company’s stock valued at $796,000 after buying an additional 746 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in C.H. Robinson Worldwide by 21.0% during the fourth quarter. BNP Paribas Financial Markets now owns 155,894 shares of the transportation company’s stock valued at $13,468,000 after buying an additional 27,103 shares in the last quarter. Finally, Brookstone Capital Management lifted its stake in C.H. Robinson Worldwide by 10.6% during the fourth quarter. Brookstone Capital Management now owns 6,288 shares of the transportation company’s stock valued at $543,000 after buying an additional 605 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.