C.H. Robinson Worldwide (NASDAQ:CHRW) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a buy rating to a hold rating in a report issued on Sunday morning,Wall Street Zen reports.

Several other equities analysts have also commented on the company. Evercore reiterated an “outperform” rating and set a $237.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. UBS Group boosted their target price on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Finally, Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $196.56.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $152.99 on Friday. C.H. Robinson Worldwide has a 52-week low of $123.64 and a 52-week high of $210.33. The company has a fifty day moving average of $160.98 and a 200-day moving average of $171.97. The company has a market capitalization of $17.88 billion, a P/E ratio of 29.20, a P/E/G ratio of 1.29 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. As a group, equities research analysts predict that C.H. Robinson Worldwide will post 6.18 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a $0.63 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.6%. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors have recently modified their holdings of the company. Argent Capital Management LLC bought a new position in C.H. Robinson Worldwide in the first quarter worth about $5,017,000. Amundi boosted its position in 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 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 purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $10,997,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after acquiring an additional 25,674 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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.