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 released on Saturday,Wall Street Zen reports.

Several other analysts have also recently issued reports on CHRW. Stifel Nicolaus increased their target price on shares of C.H. Robinson Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Sanford C. Bernstein reduced their target price on C.H. Robinson Worldwide from $153.00 to $151.00 and set a “market perform” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings cut C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Finally, Evercore reiterated an “outperform” rating and set a $237.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $196.56.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $152.78 on Friday. C.H. Robinson Worldwide has a 52-week low of $123.64 and a 52-week high of $210.33. The stock’s 50-day simple moving average is $164.59 and its 200 day simple moving average is $172.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market capitalization of $17.85 billion, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The firm had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the prior year, the business posted $1.29 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. Research analysts forecast that C.H. Robinson Worldwide will post 6.18 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of CHRW. Bank of Jackson Hole Trust bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $25,000. Millstone Evans Group LLC boosted its position in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Continuum Advisory LLC purchased a new stake in C.H. Robinson Worldwide in the second quarter worth $27,000. DV Equities LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter worth $27,000. Finally, NBH Bank bought a new position in C.H. Robinson Worldwide in the second quarter worth $29,000. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.