C.H. Robinson Worldwide (NASDAQ:CHRW) Cut to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft downgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a buy rating to a hold rating in a research report sent to investors on Monday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $153.00 price target on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird decreased their price target on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Citizens Jmp began coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target on the stock. Stephens dropped their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, BMO Capital Markets increased their price objective on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.08.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $139.45 on Monday. The business’s fifty day simple moving average is $147.45 and its 200-day simple moving average is $168.17. The company has a market cap of $16.29 billion, a PE ratio of 26.61, a PEG ratio of 1.14 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide has a 12-month low of $125.35 and a 12-month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping 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 firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the firm earned $1.29 EPS. The business’s quarterly revenue was up 19.3% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is presently 48.09%.

Institutional Trading of C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth $579,922,000. Dimensional Fund Advisors LP lifted its holdings in C.H. Robinson Worldwide by 2.4% during 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 purchasing an additional 25,674 shares in the last quarter. Bank of America Corp DE lifted its holdings in C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after purchasing an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in C.H. Robinson Worldwide during the second quarter valued at $172,626,000. Finally, Hamlin Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $123,176,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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.