C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Rating Raised 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 report sent to investors on Wednesday morning,Wall Street Zen reports.

A number of other analysts have also recently weighed in on the stock. Robert W. Baird reduced their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a report on Thursday, October 8th. Raymond James Financial set a $192.00 price target on C.H. Robinson Worldwide in a report on Thursday, July 30th. JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Finally, Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.08.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $139.45 on Wednesday. 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 company’s 50-day moving average price is $147.45 and its two-hundred day moving average price is $168.17. C.H. Robinson Worldwide has a 52 week low of $125.35 and a 52 week high of $210.33. The stock has a market cap of $16.29 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.14 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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 company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the company earned $1.29 EPS. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Burkett Financial Services LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $25,000. Millstone Evans Group LLC grew its stake in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares in the last quarter. Continuum Advisory LLC acquired a new position in C.H. Robinson Worldwide in the second quarter worth approximately $27,000. NBH Bank acquired a new position in C.H. Robinson Worldwide in the second quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC raised its position in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 67 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.