C.H. Robinson Worldwide (NASDAQ:CHRW) Upgraded 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 report sent to investors on Monday,Wall Street Zen reports.

CHRW has been the subject of a number of other research reports. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Citizens Jmp began 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 objective on the stock. Stifel Nicolaus lifted their price target on shares of C.H. Robinson Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 22nd. Finally, Janney Montgomery Scott set a $155.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.56.

C.H. Robinson Worldwide Stock Down 1.2%

CHRW stock opened at $147.96 on Monday. The company’s 50 day moving average is $152.20 and its two-hundred day moving average is $170.12. C.H. Robinson Worldwide has a twelve month low of $123.64 and a twelve month high of $210.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a market cap of $17.29 billion, a P/E ratio of 28.24, a PEG ratio of 1.27 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 analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the company earned $1.29 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 19.3% compared to the same quarter last year. Research analysts expect that C.H. Robinson Worldwide will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $0.63 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.7%. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.09%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently bought and sold shares of the business. Argent Capital Management LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $5,017,000. Amundi boosted its position in shares of C.H. Robinson Worldwide by 24.7% during the 1st quarter. Amundi now owns 338,574 shares of the transportation company’s stock valued at $56,227,000 after acquiring an additional 67,108 shares in the last quarter. Empowered Funds LLC boosted its position in shares of C.H. Robinson Worldwide by 469.4% during the 1st quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock valued at $11,081,000 after acquiring an additional 55,005 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $10,997,000. Finally, Dimensional Fund Advisors LP grew its position in C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock valued at $181,810,000 after acquiring an additional 25,674 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

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 domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.