C.H. Robinson Worldwide (NASDAQ:CHRW) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of C.H. Robinson Worldwide (NASDAQ:CHRW) from a sell rating to a hold rating in a research report report published on Friday morning.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus upped their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a hold rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. upped their price objective on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the company an underweight rating in a research report on Thursday. BMO Capital Markets raised their price objective on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a market perform rating in a research note on Friday. Wolfe Research raised C.H. Robinson Worldwide from an underperform rating to a peer perform rating in a research note on Thursday, April 11th. Finally, BNP Paribas reaffirmed a neutral rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of Hold and an average target price of $82.60.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $81.20 on Friday. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $105.18. The company has a quick ratio of 1.40, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. The company has a market cap of $9.50 billion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 4.17 and a beta of 0.75. The business’s fifty day moving average is $72.85 and its 200-day moving average is $79.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.26. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Equities research analysts forecast that C.H. Robinson Worldwide will post 3.4 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.44 annualized dividend and a yield of 3.00%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 96.44%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently modified their holdings of CHRW. Vanguard Group Inc. boosted its position in C.H. Robinson Worldwide by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 14,038,084 shares of the transportation company’s stock valued at $1,212,750,000 after purchasing an additional 174,041 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of C.H. Robinson Worldwide by 0.6% during the 4th quarter. First Eagle Investment Management LLC now owns 9,482,897 shares of the transportation company’s stock worth $819,227,000 after purchasing an additional 59,016 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of C.H. Robinson Worldwide by 13,682.5% in the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock valued at $202,723,000 after buying an additional 2,643,193 shares during the last quarter. Invesco Ltd. grew its stake in shares of C.H. Robinson Worldwide by 15.0% in the third quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock valued at $184,985,000 after buying an additional 280,177 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in C.H. Robinson Worldwide by 4.1% during the fourth quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after buying an additional 68,491 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.